Initial jobless claims for the week ending August 17 were a seasonally adjusted 336k, the U.S. Department of Labor reports. This is a small increase from the previous week’s revised reading of 323k. Unemployment claims for the week not seasonally adjusted were 279k.
This mining-focused hedge fund returned more than 100 percent in 2020
Delbrook Capital was up 14.1% for December, bringing its full-year return to 129.3% for 2020. For comparison, the S&P 500 was up 18%, while the SPDR S&P Metals and Mining ETF gained 16% in 2020. Q4 2020 hedge fund letters, conferences and more In his fourth-quarter letter to investors, which was reviewed by ValueWalk, Delbrook Read More
The insured unemployment rate was unchanged at a seasonally adjusted 2.3%.
The number of unemployment insurance recipients, or continuing claims, was a seasonally adjusted 2.999 million. This is an increase from the prior week’s revised reading of 2.970 million.