iM-Weekly Employment Monitor, 12/31/2020

iM-Weekly Unemployment Monitor

The 12/31/2020 DOL Unemployment Insurance indicates a stagnant insured employment situation albeit that both initial claims and continued claims decreased against the previous week.

The non-seasonal adjusted initial claims totaled 841,111 in the week ending December 26, The fourth running week of over 800,000 and a small decrease of 31,736 from the previous week. This makes up 0.57% 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 5,258,073 a decrease of 171,035 from the preceding week, but still an increase of 10,447 from four weeks ago.

Also, total number of people claiming benefits in all programs for the week ending November 28 was 19,563,905 a decrease of 799,841 from the previous week, but still an increase of 520,407 from four weeks ago.

Please refer The iM-Weekly Unemployment Monitor