JEPI - Jobless Claims Will Rise By 500000 Over Next Month: Harrison

Actual jobless claims have been trending down since April, but last week we saw an uptick of over 100,000 claims, which may be a sign of what’s to come in the near future, Ed Harrison told Real Vision during today’s Daily Briefing.

Harrison said the numbers were coming down just as the reopening began causing a spike in cases; now there’s a rollback of the reopening in many places, and therefore, we’re seeing an uptick in non-seasonally adjusted numbers.

This is happening just as the adjustment factor is going to go down, which will cause

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