iM-Weekly Employment Monitor, 11/26/2020

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 totaled 827,710 in the week ending
November 21, an increase of 78,372  from the previous week.. This makes up 0.56% 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 5,911,965 a decrease of 167,617 from the preceding week.

Also, total number of people claiming benefits in all programs for the week ending November 7 was 20,452,223, an invrease of 135,297 from the preceding week.

Please refer The iM-Weekly Unemployment Monitor