400K: #unemployment claims in #COVID19 returns to a downward trend ~ @USDOL

Courtesy: Daniel Quintanilla

The United States Department Of Labor as of late has been back a forth with its weekly unemployment filings going up and down to reach the level of claims it saw before the COVID19 pandemic, today it’s back on a downward trajectory as unemployment claims this week were 400,000, 24,000 less than last week’s 424,000 revised up 5,000 from 419,000.

Remaining low, unchanged, and unrevised from the week previous, the insured unemployment rate stands at 2.4 percent, the insured unemployment figure however saw an increase of 7,000 to land at 3,269,000 from last week’s 3,262,000 as that figure too revised up 26,000 from 3,236,000.

The highest insured unemployment rates in the week ending July 10 were in Puerto Rico (5.2), California (4.4), Nevada (4.3), New Jersey (3.8), Rhode Island (3.8), Illinois (3.7), New York (3.5), Pennsylvania (3.5), Connecticut (3.4), and District of Columbia (3.2).

The largest increases in initial claims for the week ending July 17 were in Michigan (+13,547), Texas (+10,730), Kentucky (+8,945), Missouri (+6,056), and Illinois (+3,915), while the largest decreases were in New York (-10,727), Puerto Rico (-3,904), Tennessee (-3,510), Oklahoma (-3,393), and Georgia (-1,870).

Daniel Quintanilla

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