742K claim #unemployment as #COVID19 lockdowns return @USDOL

Even before the Thanksgiving holiday gets underway, cases on COVID19 have never been higher, causing states to lockdown once again or reverse course on reopening phases, so the United States Department Of Labor continues reporting today on week-to-week high unemployment numbers since the start of the pandemic, this week was no different, though second lowest number since March, but on the rise in a big way, as 742,000 this week claim unemployment, up by 31,000 from last week’s 711,000 also revised up by 2,000 from 709,000.

Claims may be on the rise, but the insured unemployment rate continues to go down for the moment, landing at 4.3 percent while decreasing by 0.3 percent from last week, and the number of those on insured unemployment dropped also by 429,000 to 6,372,000 from 6,786,000, revised too by 15,000 from 6,801,000.

Daniel Quintanilla