Initial Jobless Claims (week ended 7/18/2020)

- Initial Claims seasonally adjusted 1,416,000. Previous was 1,307,000
- Initial Claims unadjusted, totaled 1,370,947 a decrease of 141,816 from previous
- 4-week Moving Average seasonally adjusted 1,360,000 . Previous was 1,377,000

One important issue being discussed in Congress is extension of the extra $600/week UI payment under the CARES act. Some folks are making
more from UI with the added $600 which does not encourage return to work.

The jobs market and, consequently, the economy are hurting big time.

Source: Labor Department Details:https://www.dol.gov/ui/data.pdf

 

Leading Indicators (June 2020)

- Leading Indicators month/month 2.0%. Previous was 3.2%

The leading economic indicators is a composite of 10 forward-looking components which should give a picture of GDP growth 6 months into the future. Under the present circumstances this may have less value than usual.

Source: Conference Board