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Continued high jobless claims, no stimulus and coronavirus

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Continued high jobless claims, no stimulus and coronavirus

Edward Harrison
Oct 8, 2020
∙ Paid
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Continued high jobless claims, no stimulus and coronavirus

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The jobless claims series came out again this morning showing 840,000 initial claims plus a modest revision upward of last week's number to 849,000. These numbers just aren't coming down fast enough. And we know from the last recovery that elevated claims coincided with a rising unemployment rate. But the economy avoided a double dip because of stimulus…

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