Pandemic Emergency Jobless Claims Soar To New Record High Tyler Durden Thu, 11/05/2020 - 08:36 Initial Jobless Claims rose by 751k last week, very slightly lower than last week's upwardly revised 758k rise, but still around four times the pre-COVID-lockdown norms... Source: Bloomberg Continuing Claims improved for the 8th week in a row to its lowest since March... Source: Bloomberg But, as continuing claims slide, Pandemic Emergency Claims continue to soar to a new record high... Source: Bloomberg There remains around 22 million people on government jobless benefits... And what happens next with no fiscal stimulus expected anytime soon?