Department of Labor Reports The Initial Unemployment Claims For The Week Ending August 22, 2020 Tops 1 Million, 4-Week Moving Average Decreases to 15,215,750

Details: Last Updated: Thursday, 27 August 2020 05:56; Published: Thursday, 27 August 2020 05:52

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 27, 2020 - In the week ending August 22, the advance figure for seasonally adjusted initial claims was 1,006,000, a decrease of 98,000 from the previous week's revised level. The

previous week's level was revised down by 2,000 from 1,106,000 to 1,104,000. The 4-week moving average was 1,068,000, a decrease of 107,250 from the previous week's revised average. The previous week's average was revised down by 500 from 1,175,750 to 1,175,250.

The advance seasonally adjusted insured unemployment rate was 9.9 percent for the week ending August 15, a decrease of 0.2 percentage point from the previous week's revised rate. The previous week's rate was revised down by 0.1 from 10.2 to 10.1 percent. The advance number for seasonally adjusted insured unemployment during the week ending August 15 was 14,535,000, a decrease of 223,000 from the previous week's revised level. The previous week's level was revised down by 86,000 from 14,844,000 to 14,758,000. The 4-week moving average was 15,215,750, a decrease of 604,000 from the previous week's revised average. The previous week's average was revised down by 21,500 from 15,841,250 to 15,819,750.

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Source: DOL

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