CNBC clueless Unemployment cheerleaders are lying again as they know better

 

How is this perceived as bullish (or data to be ignored) at this stage in the Covid-19 process as ~900,000 Americans filed for first-time “initial” unemployment benefits last week...Initial unemployment claims were expected to remain depressingly high last week, after spiking the week before, and they did (though they came in a smidgeon better than expected) as the numbers came in  (less than the 935,000 that the street expected and slightly lower than the 926,000 revised level the week before), but still in  the extreme zone...the good news is that the continuing Covid-19 pandemic claims have fallen notably since the spring However the overall number of Americans on unemployment benefits fell last week (as many were taken off the rolls due to exhausting benefits) but it still remains well above 15 million...This “BS” so-called silver lining should have a huge asterisk against it as it was dominated by a massive drop in California claims which fundamentally makes zero sense as the state's lockdown policies only became more prevalent during this period...