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Weekly Unemployment Claims Remain Elevated

The U.S. Labor Department reported 884,000 first-time filings for unemployment claims, unchanged from the previous week's revised level. For the week ending August 29, the advance seasonally adjusted insured unemployment rate was 9.2%, an increase of 0.1 percentage point from the unrevised rate the week before. Continuing claims from those filing for at least two weeks rose from the week prior, reaching 13.385 million. That is an increase of 93,000 from last week's report and an indicator that job improvement through the summer may be tailing off as fall begins.

For the week ending September 5, the 4-week moving average was 970,750, a decrease of 21,750 from the previous week's revised average. Claims under the Pandemic Unemployment Assistance Program continued to rise, increasing more than...

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Sep 11 8:20 AM, Urner Barry



Unemployment Claims Top One Million for the Second Consecutive Week 

The latest unemployment data shows no reprieve from the coronavirus pandemic as more than one million people filed initial unemployment claims for the second week in a row. In early August, the number of initial filings dipped below one million for the first time since March. However, the decrease appears to be short-lived.

According to the U.S. Department of Labor, the figure for initial unemployment claims was 1,006,000, a decrease of 98,000 from the previous week's revised level. The previous week's level was revised down by 2,000 for a total of 1,104,000. The 4-week moving average was 1,068,000, a decline of...

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Aug 27 9:45 AM, Urner Barry


Weekly Unemployment Claims Back Above One Million

A week after initial unemployment claims fell below one million per week for the first time in five months, claims once again jumped over a million for the week ending August 15. According to the U.S. Department of Labor, the figure for initial unemployment claims was 1,106,000, an increase of 135,000 from last week's revised level. The previous week's level was revised up by 8,000 for a total of 971,000. The 4-week moving average was 1,175,750, a decline of 79,000 from the week prior.

For the week ending August 8, the adjusted insured unemployment rate was 10.2%, a decrease of 0.4 percentage point from the previous week's unrevised rate. The 4-week moving average was 15,842,250, a decrease of...

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Aug 20 9:53 AM, Urner Barry


Initial Unemployment Claims Decrease in the Week Ending August 1 

According to the U.S. Department of Labor, the figure for initial unemployment claims was 1,186,000 for the week ending August 1. This figure represents a decrease of 249,000 from last week's revised level. The previous week's level was revised up slightly from 1,434,000 to 1,435,000. The 4-week moving average was 1,337,750, a decline of 31,000 from the week prior.

For the week ending July 25, the adjusted insured unemployment rate was 11%, a decrease of 0.6 percentage point from the previous week's unrevised rate. The 4-week moving average was...

 

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Aug 6 9:49 AM, Urner Barry


Unemployment Continues to Increase as COVID-19 Impacts Number of Initial Claims 

According to the U.S. Department of Labor, the figure for initial unemployment claims was 1,416,000 for the week ending July 18. This is an increase of 109,000 from the previous week's revised level. Last week's level was revised up by 7,000 to a total of 1,307,000. The 4-week moving average was 1,360,250, a decrease of 16,500 from the previous week's revised average.

For the week ending July 11, the adjusted insured unemployment rate reached 11.1%, a decline of 0.7 percentage points from the week prior. Also, the rate for the previous week was revised down to 11.8%. The 4-week moving average was...

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Jul 23 10:18 AM, Urner Barry


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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Jun 19 8:16 AM, Urner Barry


Coronavirus Continues to Impact the Unemployment Rate but Initial Claims Decrease 

According to the U.S. Department of Labor, the figure for initial unemployment claims was 2,123,000 for the week ending May 23. This week's number is a decrease of 323,000 from the previous week's revised level. The updated 4-week moving average was 2,608,000, a decline of 436,000 from the prior week's revised average.

For the week ending May 16, the adjusted insured unemployment rate reached 14.5%, a decrease of 2.6 percentage points from the previous week's rate. Also, the rate for the week prior was revised down by 0.1 to 17.1%. The 4-week moving average was 22,722,250, an increase of 760,250 from the previous week's revised level.

The number of actual initial claims under state programs, unadjusted, totaled...

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May 28 10:12 AM, Urner Barry


Initial Unemployment Claims Decrease from Previous Week's Level

According to the U.S. Department of Labor, in the week ending May 16th, initial unemployment claims totaled 2,348,000. This is a decrease of 249,000 from the previous week's revised level. Claims totaled 2,687,000 in the last week, and the 4-week moving average was 3,042,000, a decrease of 501,000 from week prior. The advance seasonally adjusted insured unemployment rate was 17.2% for the week ending May 9th, an increase of 1.7 percentage points from the previous week's revised rate.

The advance number of initial claims under state programs, unadjusted, reached 2,174,329 in the week ending May 16th. This represented a decrease of 182,265 or 7.7%. To compare, there were...

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May 21 9:47 AM, Urner Barry


Coronavirus Continues to Impact Number of Initial Unemployment Claims

According to the U.S. Department of Labor, the figure for initial unemployment claims was 4,427,000 for the week ending April 18th. This is a decrease of 810,000 from the previous week's revised level. Last week's level was revised down by 8,000 claims from 5,245,000 for a total of 5,237,000. The 4-week moving average increased by 280,000 to reach 5,786,500.

For the week ending April 11th, the insured unemployment rate was 11%, an increase of 2.8 percentage points from the previous week. This marks the highest level of the insured unemployment rate in the history of the series. The total reached...

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Apr 23 10:19 AM, Urner Barry


Unemployment Claims Top 6 Million as Coronavirus Keeps Businesses Closed

According to the U.S. Department of Labor, during the week ending March 28th, the increase in initial unemployment claims due to the impact of the coronavirus reached 6,648,000. This is an increase of 3,341,000 from the previous week's revised level. States continued to identify increases related to the services industry broadly, again led by accommodation and foodservice.

However, state comments indicated a wider impact across industries. Some states cited social assistance and manufacturing. Meanwhile, an increasing number of states identified...

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Apr 7 8:17 AM, Urner Barry


Coronavirus Impact Leads to Highest Unemployment Claims in U.S. History 

According to the U.S. Department of Labor, during the week ending March 21st, the increase in initial unemployment claims due to the impact of the coronavirus reached a record high. States are continuing to cite service industries broadly, particularly foodservice. Additional industries also cited include social services, transportation, warehouses, and manufacturing industries.

A record 3,283,000 people filed claims for unemployment in the United States last week as the coronavirus pandemic shut down large parts of the economy. The labor department reported that the advance figure for seasonally adjusted initial claims showed an increase of 3,001,000 from the previous week's revised level.

This marks the highest level of claims in the history of the seasonally adjusted series. The previous high was 695,000 in October of 1982. The previous week's level was revised up by...

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Mar 26 10:41 AM, Urner Barry


Despite Gradual Slowing of Job Growth, Labor Market will Still Feel Tight in 2020

The US economy added 145,000 jobs in December, and previous months were revised down slightly. The unemployment rate remained at 3.5 percent. This month's job growth was in line with The Conference Board's view that the labor market appears to be in a healthy state.

Job creation was mainly concentrated in the services sector as well as in construction, while the decline of 12,000 jobs in manufacturing shows that this part of the economy is still weak. However, easing trade tensions between China and the US may help to further improve business confidence in 2020, as The Conference Board reported earlier this week.

With this month's increase in employment, the labor market ended 2019 on solid footing. In 2019, the unemployment rate reached its lowest point since the late 1960s and job growth was...

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Jan 13 8:36 AM, General News




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