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Economy

Economic Data (USA)

Thursday, May 07, 2020

New Unemployment Insurance Claims for The Week of May 2, 2020

Jobless Claims
Jobless Claims

Earlier today, the Labor Department released its weekly report on New Jobless Insurance Claims for the week that ended on May 2, 2020:

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Predicted: 3,000,000

  • Actual: 3,169,000
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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): 3,846,000
  • 4-Week Moving Average: 4,173,500

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From This Morning's Report:

"...The COVID-19 virus continues to impact the number of initial claims and insured unemployment. This report now includes information on claimants filing Pandemic Unemployment Assistance and Pandemic Emergency Unemployment Compensation claims..."

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