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June 30, 2021

The changes being implemented in unemployment eligibility and payments are placing a large focus on consumer related economic data and how these data points progress will likely have important implications for both the overall economy and financial markets.

Several states are removing emergency era unemployment benefits and the impact of this should start showing up in the weekly continuing unemployment claims (green box below) in the next few weeks, and through the rest of the summer, until the program ends in September.  Source: Department of Labor. The intention of these changes is to...
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