Initial UI claims SA fell slightly last week to 290K, hitting another new intra-crisis low.
Initial claims are continuing to decline as the Delta wave recedes. Delta is on the downswing but cases are still elevated, suggesting further room for improvement.
#joblessclaims 1/
Initial claims are continuing to decline as the Delta wave recedes. Delta is on the downswing but cases are still elevated, suggesting further room for improvement.
#joblessclaims 1/
Initial PUA claims have dropped to 2K as backdated claims fade post-expiration.
The last day to file a backdated claim was 10/6 in CA, which accounted for >2/3rd of new PUA claims in the U.S. 2 wks ago.
#joblessclaims 2/
The last day to file a backdated claim was 10/6 in CA, which accounted for >2/3rd of new PUA claims in the U.S. 2 wks ago.
#joblessclaims 2/
Continuing UI claims (SA) hit another intra-crisis low too, at 2.48 million. The decline has accelerated since mid-September, perhaps due to increased hiring after the Delta wave peaked in early-to-mid September
#joblessclaims 3/
#joblessclaims 3/
Claims for all programs have fallen to 3.3 million from 11.3 million before Labor Day. Another 850,000 are likely to fade over the coming weeks as backlogged claims for expired programs are processed & paid out.
#joblessclaims 4/4
https://twitter.com/DanielBZhao/status/1448632375047561217?s=20
#joblessclaims 4/4
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