Initial Claims Disappoint But Total Number Of Americans On The Dole Drops Below 14 Million Initial jobless claims fell last week from 373k to 260k (a new post lockdown low), but that was worse than the 350k expected... Source: Bloomberg The total number of Americans on some form of government dole fell below 14 million for the first time since the lockdowns began... Source: Bloomberg Finally, judging by the most recent ISM Survey data (focusing on the employment subindices), claims could be about to take a turn for the worse once again... Source: Bloomberg Despite the fact that there are still over 9 million job openings... Source: Bloomberg How ill Jay Powell explain away this chart today when he talks to The Senate. Tyler Durden Thu, 07/15/2021 - 08:36