June | 2020 | iMarketSignals

A truer picture of the employment situation is extracted from the Unemployment Insurance Weekly Claims (UIWC) report.
Persons receiving some form of unemployment benefit account for 18.6% of the labor force and not 13.3% – the official unemployment rate.
Monitoring of the weekly insured unemployed can provide early indication of recovery from the Covid-19 crisis.
No meaningful economic recovery is identified from the current UIWC report.