Initial Jobless Claims (week ended 7/4/2020)

- New Claims seasonally adjusted 1,314,000. Previous was 1,413,000
- New Claims unadjusted, totaled 1,399,699 a decrease of 31,644 from previous
- 4-week Moving Average 1,437,000. Previous was 1,500,000
- Total seasonally adjusted number of people receiving regular UI was 18,062,000 -698,000 from previous.
- The number of people receiving Pandemic Unemployment Assistance was 14,363,143 up +1,509,659 from previous

While still terrible this is less terrible than previous.

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

 

Wholesale Trade (May 2020)

- Inventories month/month 5.4%. Previous was +0.3%

This is a component of 2ndQ GDP.

Source: Census Details: https://www.census.gov/wholesale/pdf/mwts/currentwhl.pdf