Initial jobless claims for the week ending August 31 were a seasonally adjusted 323k, the U.S. Department of Labor reports. This is a decrease from the previous week’s revised reading of 332k, and along with the report from the second week of August, are the lowest jobless claims have been since January 2008. Initial jobless claims for the week not seasonally adjusted were 269k.
The following is our rough coverage of the 2021 Sohn Investment Conference, which is being held virtually and features Brad Gerstner, Bill Gurley, Octahedron's Ram Parameswaran, Glenernie's Andrew Nunneley, and Lux's Josh Wolfe. Q1 2021 hedge fund letters, conferences and more Keep checking back as we will be updating this post as the conference goes Read More
The insured unemployment rate remained unchanged last week at a seasonally adjusted 2.3%.
The number of unemployment insurance recipients, or continuing claims, was a seasonally adjusted 2.951 million. This is a decrease from the prior week’s revised reading of 2.994 million.