New Unemployment Insurance Claims for The Week of April 11, 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 April 11, 2020:
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Predicted: 6,000,000
- Actual: 5,245,000
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 (revised): 6,615,000
- 4-Week Moving Average: 5,508,000
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From This Morning's Report:
"...COVID-19 Impact: The COVID-19 virus continues to impact the number of initial claims and insured unemployment...
...The advance seasonally adjusted insured unemployment rate was 8.2 percent for the week ending April 4, an increase of 3.1 percentage points from the previous week's unrevised rate. This marks the highest level of the seasonally adjusted insured unemployment rate in the history of the seasonally adjusted series. The previous high was 7.0 percent in May of 1975..."
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Labels: Coronavirus, COVID-19, COVID19, employment, hard_data, jobless, jobless claims, jobs, layoffs, unemployment
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posted by Steve Brown | 4/16/2020 04:01:00 PM
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