iM-Weekly Employment Monitor, 11/19/2020

iM-Weekly Unemployment Monitor

The 11/19/2020 DOL Unemployment Insurance indicates a continued improvement in the insured employment situation even though the initial claims remain high, but seemingly trending towards the long-term average.

The non-seasonal adjusted initial claims totaled 743,460 in the week ending November 14, an increase of 18,344 from the previous week. This makes up 0.51% of the Covered Employment. The 50 year long-term average (January 1971 to today) is 0.38% and the average of the last business cycle (July 2009 to March 2020) is 0.24%.

The non-seasonal adjusted continuous insured unemployment totaled 6,081,402, a decrease of 419,670 from the preceding week.

Also, total number of people claiming benefits in all programs for the week ending October 31 was 20,319,615, a decrease of 841,245 from the preceding week.

Please refer The iM-Weekly Unemployment Monitor