Initial Jobless Claims, which measures individuals filing for unemployment benefits for the first time, increased by 181k last week to 965,000. The estimates were for 765k. For perspective, we were seeing around 200k claims pre-covid, so this is still 5 times that amount this far into it. Continuing Claims, or those that continue to receive benefits, increased by 199k to 5.3M. The Pandemic Unemployment Assistance Claims, which gives individuals benefits who would not usually qualify, dropped by 941k to 7.4M. Pandemic Emergency Claims, which extends claims by 13 weeks after regular benefits expire, decreased by 325,000. This is likely due to those benefits expiring.