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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



PODCAST: Checking In on Chicken - Retail Demand, Unemployment, and More

COVID-19 has caused shockwaves across the whole protein sector and chicken is no exception. Retail demand, unemployment, seasonal factors, and more...

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Jun 16 10:42 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


PODCAST: What's Shakin with Bacon? Volatility in the Pork Market

Russell Barton joins the show (from a distance) to discuss the unprecedented volatility in the pork market due to COVID-19. This segment covers retail, foodservice, unemployment, exports, and more...

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May 26 12:00 PM, 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


Mintel: The Current Economic Environment Compared to The Great Recession 

Mintel has released new research analyzing the current economic environment compared to that of the Great Recession, including insight on the economic indicators that will play a role in predicting consumer spending in the months and years ahead.

While the economy is in decline today, the factors leading to the last recession, its duration, and lasting impact on consumers are (and will be) very different this time around.

Why this time it’s different

The Great Recession was largely impacted by failures in the housing and banking industries. Today, the crisis is out of human control, and one we can’t yet solve. What’s more, the financial system today is...

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May 13 8:14 AM, General News


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




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