New Unemployment Insurance Claims for The Week of April 18, 2020

Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on April 18, 2020:

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Predicted: 4,250,000

• Actual: 4,427,000

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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): 5,237,000

• 4-Week Moving Average: 5,786,500

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From This Morning's Report:

"...The COVID-19 virus continues to impact the number of initial claims and insured unemployment...

...The advance seasonally adjusted insured unemployment rate was 11.0 percent for the week ending April 11, an increase of 2.8 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 advance number for seasonally adjusted insured unemployment during the week ending April 11 was 15,976,000, an increase of 4,064,000 from the previous week's revised level. This marks the highest level of seasonally adjusted insured unemployment in the history of the seasonally adjusted series. The previous week's level was revised down by 64,000 from 11,976,000 to 11,912,000. The 4-week moving average was 9,598,250, an increase of 3,548,000 from the previous week's revised average. The previous week's average was revised down by 16,000 from 6,066,250 to 6,050,250..."

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• Click here to view the full Labor Department report

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