Since Covid was devastating to the jobs and stock markets positive news in these areas are welcome too.
First-time claims for unemployment benefits fell below a million again last week, the Labor Department reported Thursday. This happened before -- in early August -- before claims reversed course and bounced higher.
Another 881,000 Americans filed initial claims for benefits last week on a seasonally adjusted basis. Normally, the fact that so many people filed for unemployment last week would not be a reason to celebrate. But these are not normal times, and this is another sign that the jobs market is gradually recovering.
Continued jobless claims, which count people filing for benefits for at least two weeks in a row, also offered some good news: It stood at a seasonally adjusted 13.3 million, falling by more than 1 million from the prior week.
The stock market is close to the value that it was before Covid.
Both of these prove that America is tough and resilient. With the numbers for Covid continuing to trend in the right direction overall (even with the hotspots) , with an increase in awareness of hygiene Covid spread and potentially flu spread will be down, and with multiple vaccine possibilities in the very near time frame, IMO the future is looking pretty good.