FAST FIVE: Over 18 Million Americans Are Still On Government Jobless Benefits, Despite Broad 'Reopenings'

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Over 18 Million Americans Are Still On Government Jobless Benefits, Despite Broad 'Reopenings' After briefly dipping below 700k two weeks ago, the number of Americans filing for first time jobless claims has spiked back to 744k.

Source: Bloomberg California and New York were the biggest drivers of the deteriorating situation.

While continuing claims continued to slide (good news), pandemic emergency claims rose last week.

Source: Bloomberg And over 18 million Americans remain on some form of government jobless benefit.

Source: Bloomberg For all intent and purpose, the labor market situation in America has gone nowhere in 4 months.

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