Jobless claims show US coast is clear except for mutations

Economically, I would say we're out of the woods for a recession now except to the degree mutant variants force new lockdowns. Four data points, real quick here.

  1. The 14-day change in hospitalization is -23%, with 91,440 hospitalizations at present. That's down from a peak over 130,000

  2. Initial jobless claims came in today at 779,000, moving the 4-week aver…

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