The United States Department Of Labor today had a three prong early Christmas present, one is unemployment claims a day early before Christmas Eve with 89,000 less unemployed to land at 809,000 from last week’s 892,000 revised by 7,000 from 885,000 (being the second Christmas present of much lower numbers than previous), the third of this prong is continued staggering weekly job loss numbers since late March when the COVID19 pandemic started.
Recently, the gift that keeps on giving are lower figures of those receiving unemployment benefits, this week’s insured unemployment rate is down by 0.2 percent to land at 3.6 with no revision once again, plus the insured unemployment number down by 170,000 to 5,337,000 with last week’s 5,508,000 revised down by only 1,000 from 5,507,000.
Daniel Quintanilla
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[…] The United States Department Of Labor one last time on this last day of 2020 today handed out their weekly report of unemployment claims with COVID19 staggering numbers continuing their decline, coming in this week at 787,000, 19,000 less from last week’s 806,000 which was revised up by 3,000 from 803,000. […]