New Unemployment Insurance Claims for The Week of March 28, 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 28, 2020:
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Predicted: 3,350,000
- Actual: 6,648,000 (This marks the highest level of seasonally adjusted initial claims in the history of the seasonally adjusted series.)
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): 3,307,000
- 4-Week Moving Average: 2,612,000
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From This Morning's Report:
"...The COVID-19 virus continues to impact the number of initial claims. Nearly every state providing comments cited the COVID-19 virus. States continued to identify increases related to the services industries broadly, again led by accommodation and food services. However, state comments indicated a wider impact across industries. Many states continued to cite the health care and social assistance, and manufacturing industries, while an increasing number of states identified the retail and wholesale trade and construction industries..."
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Labels: Coronavirus, COVID-19, employment, hard_data, jobless, jobless claims, jobs, layoffs, unemployment
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posted by Steve Brown | 4/02/2020 10:08:00 AM
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