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Posted by: thepinetree on 06/04/2020 07:11 AM Updated by: thepinetree on 06/04/2020 07:11 AM
Expires: 01/01/2025 12:00 AM
:

Weekly Jobless Claims Drop to 1,877,000. Still High But Dropping Steadily

Washington, DC...COVID-19 Impact The COVID-19 virus continues to impact the number of initial claims and insured unemployment. This report includes information on claimants filing Pandemic Unemployment Assistance and Pandemic Emergency Unemployment Compensation claims. In the week ending May 30, the advance figure for seasonally adjusted initial claims was 1,877,000, a decrease of 249,000 from the previous week's revised level. The previous week's level was revised up by 3,000 from 2,123,000 to 2,126,000. The 4-week moving average was 2,284,000, a decrease of 324,750 from the previous week's revised average. The previous week's average was revised up by 750 from 2,608,000 to 2,608,750.




The advance seasonally adjusted insured unemployment rate was 14.8 percent for the week ending May 23, an increase of 0.5 percentage point from the previous week's revised rate. The previous week's rate was revised down by 0.2 from 14.5 to 14.3 percent. The advance number for seasonally adjusted insured unemployment during the week ending May 23 was 21,487,000, an increase of 649,000 from the previous week's revised level. The previous week's level was revised down by 214,000 from 21,052,000 to 20,838,000. The 4-week moving average was 22,446,250, a decrease of 222,500 from the previous week's revised average. The previous week's average was revised down by 53,500 from 22,722,250 to 22,668,750.

UNADJUSTED DATA
The advance number of actual initial claims under state programs, unadjusted, totaled 1,603,000 in the week ending May 30, a decrease of 314,604 (or -16.4 percent) from the previous week. The seasonal factors had expected a decrease of 102,045 (or -5.3 percent) from the previous week. There were 189,577 initial claims in the comparable week in 2019. In addition, for the week ending May 30, 36 states reported 623,073 initial claims for Pandemic Unemployment Assistance.

The advance unadjusted insured unemployment rate was 13.2 percent during the week ending May 23, an increase of 0.3 percentage point from the prior week. The advance unadjusted number for persons claiming UI benefits in state programs totaled 19,295,200, an increase of 437,072 (or 2.3 percent) from the preceding week. The seasonal factors had expected a decrease of 145,864 (or -0.8 percent) from the previous week. A year earlier the rate was 1.1 percent and the volume was 1,521,741.

The total number of people claiming benefits in all programs for the week ending May 16 was 29,965,415, a decrease of 991,744 from the previous week. There were 1,534,449 persons claiming benefits in all programs in the comparable week in 2019. Extended Benefits were available in 22 states during the week ending May 16. Those states included Alaska, California, Connecticut, Georgia, Louisiana, Maine, Massachusetts, Michigan, Minnesota, Montana, Nevada, New Hampshire, New Jersey, New York, Ohio, Oregon, Pennsylvania, Puerto Rico, Rhode Island, Vermont, Washington, and West Virginia. Initial claims for UI benefits filed by former Federal civilian employees totaled 2,053 in the week ending May 23, an increase of 229 from the prior week. There were 1,414 initial claims filed by newly discharged veterans, an increase of 201 from the preceding week.


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The comments are owned by the poster. We are not responsible for its content. We value free speech but remember this is a public forum and we hope that people would use common sense and decency. If you see an offensive comment please email us at news@thepinetree.net
No Subject
Posted on: 2020-06-04 08:10:16   By: Anonymous
 

Sadistic cop from a democrat run state, a democrat run city, a democrat majority police force, murders a gentle giant. Now democrat majority mobs of criminals are rioting, looting, attacking innocent people and destroying businesses in their own towns, cities, their own neighborhoods. Democrats like Biden say we need a leader! Well Mr Biden, you were a leader, but you did nothing as VP, the second most powerful man in the United States. Well you did get your son the crackhead some jobs he wasn't qualified for. You used your influence as VP (illegal to do) and by withholding a Billion Dollars in aid to help your son, so I guess I can't say you did nothing.
So now we have rioting all across our nation, the majority or the rioting by people of the Democratic Party.
Congratulations Democrats, your party shines"

The Hypocrisy of the dems is tearing our country apart. During the Obama years, all of these killings of black Americans (though we rarely heard of the brutal killings made by black Americans against other races) and he did nothing but talk, and he STILL IS, along with Biden, another all talk. It's like the "METOO MOVEMENT, when a dem in political system has a sexual assault/ rape then the media barely covers it, and the dem (Biden) says not true, she's a liar, and not to believe her, only believe the accuser, IF...they're conservative.


[Reply ]

    Re:
    Posted on: 2020-06-04 08:17:48   By: Anonymous
     
    With all due respect, the accuser lied about her supposed degrees and now many court cases are in jeopardy as she testified as an expert witness. Not exactly what you would call credible.

    [Reply ]

    Re:
    Posted on: 2020-06-04 08:22:13   By: Anonymous
     
    Try getting your news from another source or two on occasion besides FOX. Perhaps even a newspaper or two with researched articles instead of sound bites and slogans. Trump is imploding and the GOP party will be turning on him soon. That's what happens when one is a bully, they're with you until they sense weakness. Just a few months now until we can begin to turn this country around from the divisiveness, economic inequality and environmental destruction that Trump has wrought.

    [Reply ]

      Re:
      Posted on: 2020-06-04 08:48:45   By: Anonymous
       
      To that group of GOP who will want to keep their jobs, we can add many qualified, talented public servants he stabbed in the back along the way. Including former Secretary of Defense Mattis who states Trump is a threat to the Constitution.

      [Reply ]

    Re:
    Posted on: 2020-06-04 08:53:34   By: Anonymous
     
    Unhinged. Good luck with that.

    [Reply ]

    Re:
    Posted on: 2020-06-04 13:58:22   By: Anonymous
     
    ^ 🦇💩🤡

    [Reply ]

No Subject
Posted on: 2020-06-04 18:36:38   By: Anonymous
 
I’m a moderate liberal who mostly votes democratic. I was furloughed and I’m currently collecting unemployment. I’m actually itching real bad to get back to work but please don’t tell my neighbors. They’re very conservative (good people) but I feel if I go back to work before they do they’ll have no one to gossip about at dinner time.

[Reply ]


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