The U.S. Economy – what caught my eye this week: new unemployment claims, oil price dynamics, and the importance of fiscal policy

1’106’000 Americans registered to claim for jobless benefits in the week ending on August 14, an increase of 135’000 compared to the week before. The number of continuing claims fell to 14.8 million, down from 15.5 million the week before:

https://www.dol.gov/ui/data.pdf

Measuring unemployment and labor force participation during the COVID-19 pandemic. Interesting throughout:

https://voxeu.org/article/measuring-unemployment-and-labour-force-participation-during-covid-19-pandemic

The oil price dynamics report of the New York Fed often contains interesting pieces of information:

https://www.newyorkfed.org/research/policy/oil_price_dynamics_report

The importance of fiscal policy to support people and the economy:

https://www.piie.com/blogs/realtime-economic-issues-watch/us-failure-renew-covid-19-stimulus-threatens-further-economic

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