https://www.bloomberg.com/news/articles/2021-01-14/u-s-jobless-claims-jump-by-most-since-march-approach-1-million
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The median forecast in a Bloomberg survey of economists called for 789,000 initial claims. The S&P 500 advanced in early trading along with the yield on the 10-year Treasury on prospects for more Covid-19 relief.
Continuing claims in state programs -- an approximation of the number of people receiving ongoing benefits -- climbed by 199,000 to 5.27 million in the week ended Jan. 2.
