Unemployment Update November 25th 2020

Unemployment Update November 25th 2020.

https://www.dol.gov/ui/data.pdf

The initial claims for unemployment increased by 30,000 which is not surprising given the new restrictions for businesses around the country.  The market is at an all time high suggesting that unemployment may revert the trend back down toward pre-pandemic levels.

The unemployment report is much different as an indicator of the economy considering the government influence.  The jobs would most likely still be there if the restrictions on businesses were removed.  This is very important to understand and apparent in the April spikes.

None of the above statements are a recommendation either way on your investments.  Hopefully these insights can help shed some light on the actual effects of unemployment and the economy.