Department of Labor Reports The Initial Unemployment Claims For The Week Ending August 1, 2020 Tops 1.18 Million, A Decrease Of 249,000 From The Previous Week's Revised Level

Details: Last Updated: Thursday, 06 August 2020 05:41; Published: Thursday, 06 August 2020 05:39

COVID-19 Impact
The COVID-19 virus continues to impact the number of initial claims and insured unemployment. This report now includes information on claimants filing Pandemic Unemployment Assistance and Pandemic Emergency Unemployment Compensation claims.

UNEMPLOYMENT INSURANCE WEEKLY CLAIMS - SEASONALLY ADJUSTED DATA

August 6, 2020 - In the week ending August 1, the advance figure for seasonally adjusted initial claims was 1,186,000, a decrease of 249,000 from the previous week's

revised level. The previous week's level was revised up by 1,000 from 1,434,000 to 1,435,000. The 4-week moving average was 1,337,750, a decrease of 31,000 from the previous week's revised average. The previous week's average was revised up by 250 from 1,368,500 to 1,368,750.

The advance seasonally adjusted insured unemployment rate was 11.0 percent for the week ending July 25, a decrease of 0.6 percentage point from the previous week's unrevised rate. The advance number for seasonally adjusted insured unemployment during the week ending July 25 was 16,107,000, a decrease of 844,000 from the previous week's revised level. The previous week's level was revised down by 67,000 from 17,018,000 to 16,951,000. The 4-week moving average was 16,628,250, a decrease of 413,250 from the previous week's revised average. The previous week's average was revised down by 16,750 from 17,058,250 to 17,041,500.

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Source: DOL

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