Thursday, December 24, 2020

About 803,000 Workers Filed For Unemployment Last Week


 The Labor Department released its weekly statistics on Wednesday. It showed that another 803,000 workers filed for unemployment benefits in the wee ending on December 19th. It marks the third week in a row that more than 800,000 filed. Before the Trump recession, filings were less than 300,000.

Here is the official Labor Department announcement:

In the week ending December 19, the advance figure for seasonally adjusted initial claims was 803,000, a decrease of 89,000 from the previous week's revised level. The previous week's level was revised up by 7,000 from 885,000 to 892,000. The 4-week moving average was 818,250, an increase of 4,000 from the previous week's revised average. The previous week's average was revised up by 1,750 from 812,500 to 814,250.

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