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June 18, 2020 | Unemployment Claims Dip But Remain Stubbornly High
Mike 'Mish' Shedlock
Mike Shedlock / Mish is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction.
To put things into proper perspective, initial unemployment claims never topped the 1 million mark before Covid-19.
Now we have had 13 consecutive weeks in which claims topped 1.5 million.
Econoday Consensus
The econoday consensus estimate for claims was 1.22 million.
For many weeks the number of claims have topped the Econoday consensus.
Things are improving, but much slower than expected.
Mish
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Mike 'Mish' Shedlock June 18th, 2020
Posted In: Mish Talk