Friday, December 04, 2020

712,000 Workers Filed For Unemployment Benefits Last Week


 The Labor Department has released its statistics for the week ending 11/28. It showed that another 712,000 workers filed for unemployment benefits in that week. 

Here is the official Labor Department announcement:

In the week ending November 28, the advance figure for seasonally adjusted initial claims was 712,000, a decrease of 75,000 from the previous week's revised level. The previous week's level was revised up by 9,000 from 778,000 to 787,000. The 4-week moving average was 739,500, a decrease of 11,250 from the previous week's revised average. The previous week's average was revised up by 2,250 from 748,500 to 750,750.

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