Friday, September 18, 2020

Another 860,000 Workers Filed For Unemployment Last Week


The Labor Department released its weekly statistics on the number of unemployed workers filing a new claim for unemployment benefits. In the week ending 9/12/20, another 860,000 workers filed for benefits. That's slightly below last week's number, but still about four times the number that was filing before the Trump Recession.

Here is the official Labor Department statement:

In the week ending September 12, the advance figure for seasonally adjusted initial claims was 860,000, a decrease of 33,000 from the previous week's revised level. The previous week's level was revised up by 9,000 from 884,000 to 893,000. The 4-week moving average was 912,000, a decrease of 61,000 from the previous week's revised average. The previous week's average was revised up by 2,250 from 970,750 to 973,000.

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