Good news today

[Montecfo]

First time jobless claims fell for 2nd week in a row.

Claims totalled 787k, well below the 828K forecast and a decline of 19k from last week.

https://www.cnbc.com/2020/12/31/weekly-jobless-claims.html

 

[Freedom56]

First time jobless claims fell for 2nd week in a row.

Claims totalled 787k, well below the 828K forecast and a decline of 19k from last week.

https://www.cnbc.com/2020/12/31/weekly-jobless-claims.html

To put your "good news" in perspective, take a look at the jobless claims today relative to the past.

https://fred.stlouisfed.org/series/IC4WSA

 

[pb4uski]

Agreed... good news but not all that good... the 787,000 is over 3 1/2 times the 220,000 jobless claims for the same period a year ago.

... Weekly initial claims for jobless benefits from regular state programs, a proxy for layoffs, declined by 19,000 to a seasonally adjusted 787,000 in the week ended Dec. 26, the Labor Department said Thursday. That marked a second consecutive decline from the three-month high recorded earlier in December, when virus cases were surging and more jurisdictions were bringing back economic restrictions to control the spread of the coronavirus.

Last week’s level remains higher than any recorded before this year, although it is down sharply from a peak of nearly 7 million in late March. The four-week average of claims, which smooths volatile data, rose to the highest level since early October. ...

 

[Montecfo]

Stocks are set to end the year at record highs.

https://gulfbusiness.com/stocks-set-to-end-2020-at-record-high/

 

[Dtail]

To put your "good news" in perspective, take a look at the jobless claims today relative to the past.

https://fred.stlouisfed.org/series/IC4WSA

So somewhere around the worst numbers from 2008.

 

[Freedom56]

So somewhere around the worst numbers from 2008.

Over a hundred thousand above the worst numbers from 2008-9.