Little Progress on Unemployment Claims but Checks Grind to a Halt

by Mike ‘Mish’ Shedlock
The Street

There has been no progress on initial claims as continued claims creep lower.

Initial Claims

For the weeks ending August 29, September 5, September 12, and September 17, and September 26 there were 884,000, 893,000, 870,000, 866,000, and 837,000 seasonally-adjusted claims respectively according to the Department of Labor.

Given margins of error on seasonally adjusted data there has been no progress for five weeks.

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