6 Things Jobless Claims Tell Us About the State of the Real Economy

<p><span style="font-weight: 400;">Today on the Brief: </span></p> <ul> <li style="font-weight: 400;"><span style= "font-weight: 400;">Powell says private companies shouldn’t be involved in Central Bank Digital Currencies</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">According to former NSA head John Bolton, Trump told Mnuchin to go after Bitcoin</span></li> <li style="font-weight: 400;"><span style= "font-weight: 400;">Interest around Compound driving speculation around a DeFi-driven bull run </span></li> </ul> <p><span style="font-weight: 400;">Our main topic: </span></p> <p><span style="font-weight: 400;">This week’s U.S. jobless report brought bad news. Whereas economists had expected new claims to fall to 1.29 million from 1.57 million the week before, claims fell just 58,000 to 1.51 million.</span></p> <p><span style="font-weight: 400;">Continuing claims fared even worse. Economists predicted these claims would fall 600,000+ to 19.9 million. Instead, they fell a tenth of that - 62,000 - to leave total continuing claims at 20.5 million.</span></p> <p><span style="font-weight: 400;">In this episode, NLW breaks down what we can learn from these numbers when they’re combined with the previously released May jobs report.</span></p>