Jobless claims: Another 803,000 Americans filed new unemployment claims last week

[mahatmakanejeeves]

Source: Yahoo! Finance

Jobless claims: Another 803,000 Americans filed new unemployment claims last week

Emily McCormick · Reporter
Wed, December 23, 2020, 8:31 AM EST · 4 min read

U.S. states saw slightly fewer Americans file new jobless claims last week as during the prior week, as spiking COVID-19 cases and new restrictions drove still-more individuals out of work.

The Department of Labor released its weekly report on new jobless claims Wednesday morning at 8:30 a.m. ET, or a day earlier than usual due to the Christmas holiday. Here were the main results in the report, compared to consensus estimates compiled by Bloomberg:

-- Initial jobless claims, week ended Dec. 19: 803,000 vs. 880,000 expected and 885,000 during prior week

-- Continuing claims, week ended Dec. 12: 5.337 million vs. 5.560 million expected and 5.508 million during prior week

Over the past couple months, states have grappled with a surge in new virus cases, deaths and hospitalizations, alongside the arrival of cold weather that typically drives some weakness in hiring trends. States that have seen some of the biggest spikes in the virus have been the biggest contributors to new weekly claims, cementing the virus’s impact on the labor market.

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Read more: https://finance.yahoo.com/news/initial-jobless-claims-week-ended-dec-19-2020-coronavirus-pandemic-182745328.html

[mahatmakanejeeves]

1. From the source:

https://www.dol.gov/ui/data.pdf

News Release

Connect with DOL at
https://blog.dol.gov

TRANSMISSION OF MATERIALS IN THIS RELEASE IS EMBARGOED UNTIL
8:30 A.M. (Eastern) Wednesday, December 23, 2020

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS

SEASONALLY ADJUSTED DATA

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.

The advance seasonally adjusted insured unemployment rate was 3.6 percent for the week ending December 12, a decrease of 0.2 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending December 12 was 5,337,000, a decrease of 170,000 from the previous week's revised level. The previous week's level was revised down by 1,000 from 5,508,000 to 5,507,000. The 4-week moving average was 5,538,000, a decrease of 188,000 from the previous week's revised average. The previous week's average was revised down by 250 from 5,726,250 to 5,726,000.

{snip}

UNADJUSTED DATA

{snip. Emphasis mine}

The total number of continued weeks claimed for benefits in all programs for the week ending December 5 was 20,363,675, a decrease of 283,170 from the previous week. There were 1,757,802 weekly claims filed for benefits in all programs in the comparable week in 2019.

{snip the rest of the twelve-page news release, until the end}

Weekly Claims Archives
Weekly Claims Data

U.S. Department of Labor news materials are accessible at http://www.dol.gov. The Department's Reasonable Accommodation Resource Center converts Departmental information and documents into alternative formats, which include Braille and large print. For alternative format requests, please contact the Department at [phone] (voice) or [phone] (federal relay).

U.S. Department of Labor
Employment and Training Administration
Washington, D.C. 20210
Release Number: USDL 2328-NAT

Program Contacts:
Thomas Stengle: [phone]
Media Contact: [phone]

[sandensea]

2. "Well - they should get a narco daddy-in-law like I did!"

"Whatever happened to initiative!?"