Two weeks ago it was a record 3.3 million initial claims; last week it was an additional (upwardly revised) 6.875 million in initial claims, and this week another 6.606 million claims (almost exactly our expectation of 6.5 million). That is a shocking 16.78 million people who have applied for unemployment benefits in the last three weeks. And of course, last week’s “initial”…
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