About 742,000 Workers Filed For Unemployment Last Week

 

The Labor Department has released its unemployment statistics for the last week. In the week ending on November 14th, another 742,000 workers filed for unemployment benefits. That is 32,000 more than filed in the previous week, probably because the coronavirus is getting worse in every state now. It's too about three times the number that was filing each week before the Trump recession.

Here is the Labor Department's official statement:

In the week ending November 14, the advance figure for seasonally adjusted initial claims was 742,000, an increase of 31,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 709,000 to 711,000. The 4-week moving average was 742,000, a decrease of 13,750 from the previous week's revised average. The previous week's average was revised up by 500 from 755,250 to 755,750.