COVID-19 Continues to Impact Initial Unemployment Claims
According to the U.S. Department of Labor, the figure for seasonally adjusted initial unemployment claims reached 1,508,000 in the week ending June 13. This is a decrease of 58,000 from the previous week's revised level. The previous week's level was revised up by 24,000 from 1,542,000 to 1,566,000. The four-week moving average was 1,773,500, a decrease of 234,500 from the previous week's revised average. The average from the week prior was revised up by 6,000 to 2,008,000.
For the week ending June 6, the advance seasonally adjusted insured unemployment rate was 14.1%, unchanged from the prior week's revised rate. The advance number for seasonally adjusted insured employment was 20,544,000, a decrease of 62,000 from the week before. The four-week moving average was...
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