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JEPI - Jobless Claims Make New Pandemic Lows At Last
JPMorgan Equity Premium Income
The latest jobless claims report was relatively good news, as we finally made new pandemic lows for initial claims.
On an unadjusted basis, new jobless claims fell by 100,412 to 656,789. Seasonally adjusted claims also declined by 97,000 to 684,000.
I remain bullish that the ever-increasing pool of fully vaccinated adults, together with a seasonal shift from indoor to outdoor activities, is going to continue to result in a dramatic fall in jobless claims over the next few months.