900,000 Workers Filed For Unemployment Last Week

The Labor Department released its weekly statistics on Thursday. It showed that another 900,000 workers filed for unemployment benefits in the week ending on January 16th. 

Fortunately, we now have a new president -- one that is making fighting the pandemic a priority. That's good, because the economy can't be fixed until the Coronavirus is controlled.

Here is the official statement from the Labor Department:

In the week ending January 16, the advance figure for seasonally adjusted initial claims was 900,000, a decrease of 26,000 from the previous week's revised level. The previous week's level was revised down by 39,000 from 965,000 to 926,000. The 4-week moving average was 848,000, an increase of 23,500 from the previous week's revised average. The previous week's average was revised down by 9,750 from 834,250 to 824,500.