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Initial jobless claims worst than expected at 840k vs. 820k est. & 849k in prior week (rev up); continuing claims down to 10.98M vs. 11.4M est. & 11.98M in prior week…greatest gains in MD (+3.6k), IL (+3.4k) & NJ (+2.5k); greatest decreases in TX (-7.1k), FL (-6.7k) & GA (-5.9k). #EmploymentChange# #investment#

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Interesting fact: The claims are higher than any other previous recessions tracing back to 1967. It has been in the 800k - 900k levels for more than a month!