Jobless Claims Improve, But For How Much Longer?

Thursday, August 13, 2020
Stock market futures responded favorably to new weekly Initial Jobless Claims this morning, which came in with a headline of only 963K new claims last week down 228K week over week from a slightly adjusted 1.191 million, below the consensus estimate 1.08 million and representing the first week in several months weve seen this headline figure beneath 1M new weekly claims. The Dow and S&P has been down double digits ahead of the release; now both are tracking near a …

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