The Breakdown 6 Things Jobless Claims Tell Us About the State of the Real Economy
Jun 19, 2020
25:24
Today on the Brief:
- Powell says private companies shouldn’t be involved in Central Bank Digital Currencies
- According to former NSA head John Bolton, Trump told Mnuchin to go after Bitcoin
- Interest around Compound driving speculation around a DeFi-driven bull run
Our main topic:
This week’s U.S. jobless report brought bad news. Whereas economists had expected new claims to fall to 1.29 million from 1.57 million the week before, claims fell just 58,000 to 1.51 million.
Continuing claims fared even worse. Economists predicted these claims would fall 600,000+ to 19.9 million. Instead, they fell a tenth of that - 62,000 - to leave total continuing claims at 20.5 million.
In this episode, NLW breaks down what we can learn from these numbers when they’re combined with the previously released May jobs report.