Friday, December 18, 2020

885,000 Workers Filed For Unemployment Last Week


The Labor Department released its statistics for the week ending on December 12th. It showed that another 885,000 workers filed for unemployment benefits in that week. It marks the second week in a row that unemployment claims have risen, and they are at a level in those two weeks that has not been seen since September 19th. Trump likes to brag about how good the economy has been under him, but as he leaves office the economy is getting worse -- and it is his fault for badly mishandling the pandemic.

Here is the official Labor Department statement:

In the week ending December 12, the advance figure for seasonally adjusted initial claims was 885,000, an increase of 23,000 from the previous week's revised level. The previous week's level was revised up by 9,000 from 853,000 to 862,000. The 4-week moving average was 812,500, an increase of 34,250 from the previous week's revised average. The previous week's average was revised up by 2,250 from 776,000 to 778,250.

No comments:

Post a Comment

ANONYMOUS COMMENTS WILL NOT BE PUBLISHED. And neither will racist,homophobic, or misogynistic comments. I do not mind if you disagree, but make your case in a decent manner.