New Unemployment Insurance Claims for The Week of March 14, 2020
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| Jobless Claims |
Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on March 14, 2020:
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Predicted: 220,000
- Actual: 281,000 (This is the highest level for initial claims since September 2, 2017 when it was 299,000.)
The yellow-highlighted figure represents the number of first-time claims for unemployment benefits for the entire United States. The "predicted" figure is what economists were expecting, while the "actual" is the true or real figure.
- Previous Week (unrevised): 211,000
- 4-Week Moving Average: 232,250
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From This Morning's Report:
"...During the week ending March 14, the increase in initial claims are clearly attributable to impacts from the COVID-19 virus. A number of states specifically cited COVID-19 related layoffs, while many states reported increased layoffs in service related industries broadly and in the accommodation and food services industries specifically, as well as in the transportation and warehousing industry, whether COVID-19 was identified directly or not..."
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Labels: Coronavirus, COVID-19, employment, hard_data, jobs, layoffs, unemployment
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posted by Steve Brown | 3/19/2020 09:14:00 AM
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