Another 2.123 Million Workers Filed For Unemployment

The Labor Department released its statistics for unemployment claims filed in the week ending 5/23/20. The total was 2,123,000 new claims filed. That brings the total of unemployment claims filed in the last 10 weeks to 40,746,000 -- about 26% of the civilian workforce (156,481,000).

Here is the official statement from the Labor Department:

In the week ending May 23, the advance figure for seasonally adjusted initial claims was 2,123,000, a decrease of 323,000 from the previous week's revised level. The previous week's level was revised up by 8,000 from 2,438,000 to 2,446,000. The 4-week moving average was 2,608,000, a decrease of 436,000 from the previous week's revised average. The previous week's average was revised up by 2,000 from 3,042,000 to 3,044,000.