Another 2.98 Million Workers File For Unemployment

The Labor Department released the numbers for unemployment claims filed for the week ending on 5/9/20. It showed another 2,981,000 workers have filed for unemployment. That makes 36,471,000 workers that have filed for unemployment in the last eight weeks. That's 23.3% of the civilian workforce (156,481,000).

Here's the official announcement from the Labor Department:

In the week ending May 9, the advance figure for seasonally adjusted initial claims was 2,981,000, a decrease of 195,000 from the previous week's revised level. The previous week's level was revised up by 7,000 from 3,169,000 to 3,176,000. The 4-week moving average was 3,616,500, a decrease of 564,000 from the previous week's revised average. The previous week's average was revised up by 7,000 from 4,173,500 to 4,180,500.