iM-Weekly Unemployment MonitorToday’s DOL Unemployment Insurance Weekly Claims signals a cautious improvement in the insured employment situation.
Positive takeaway is that the non-seasonal adjusted continuous insured unemployed at 12,264,351 are down by 176,510, a marked slowdown in improvement after last week’s 1,034,052 reduction. Also positive, the total persons claiming some form of UI benefit as of September 5 are reported by the DOL as 26,044,952 a decrease of 3,722,513 from last week’s figure. However, this positive trend is not reflected in the non-seasonal adjusted initial claims which increased by 28,527 to 824,542.
Please refer The iM-Weekly Unemployment Monitor