Another 2.1 million file jobless claims, but total unemployed shrinks

[tacobell fan]

• First-time jobless claims totaled 2.1 million last week, slightly ahead of the 2.05 million Wall Street estimate.
• Continuing claims plunged by nearly 4 million to just over 21 million, probably a clearer representation of the jobless level.
• The high jobless numbers persist even as all states have reopened their economies to various extents.
• Nearly 41 million jobless claims have now been filed since the coronavirus was declared a pandemic.