Friday, June 19, 2020

1.5 Million Workers Filed For Unemployment Last Week


The Labor Department released its unemployment claims for the week ending on June 13th. It shows that another 1,508,000 workers filed for unemployment last week. That brings to total number of claims for the last 13 weeks to 45,720,000. That's about 28.9% of the total civilian workforce (158,227,000).

Here is the official Labor Department announcement:

In the week ending June 13, the advance figure for seasonally adjusted initial claims was 1,508,000, a decrease of 58,000 from the previous week's revised level. The previous week's level was revised up by 24,000 from 1,542,000 to 1,566,000. The 4-week moving average was 1,773,500, a decrease of 234,500 from the previous week's revised average. The previous week's average was revised up by 6,000 from 2,002,000 to 2,008,000.

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