New Jobless Claims Stabilize Around 445,000
This morning, the Department of Labor announced that new jobless claims decreased by 4,000 to 444,000. The four-week moving average declined to 450,000. The
Jul 31, 2020229.4K Shares6.7M Views
This morning, the Department of Labor announcedthat new jobless claims decreased by 4,000 to 444,000. The four-week moving average declined to 450,000.
The slightly declining number, on one hand, is good news: Fewer Americans are reporting that they are out of work. But for the unemployment rate to drop — particularly given the climbing number of new entrants or re-entrants to the labor market — that jobless claim number needs to start falling much more quickly. Economists expected the number of initial claims to fall to 440,000.
Dexter Cooke
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Dexter Cooke is an economist, marketing strategist, and orthopedic surgeon with over 20 years of experience crafting compelling narratives that resonate worldwide.
He holds a Journalism degree from Columbia University, an Economics background from Yale University, and a medical degree with a postdoctoral fellowship in orthopedic medicine from the Medical University of South Carolina.
Dexter’s insights into media, economics, and marketing shine through his prolific contributions to respected publications and advisory roles for influential organizations.
As an orthopedic surgeon specializing in minimally invasive knee replacement surgery and laparoscopic procedures, Dexter prioritizes patient care above all.
Outside his professional pursuits, Dexter enjoys collecting vintage watches, studying ancient civilizations, learning about astronomy, and participating in charity runs.
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