iM-Weekly Employment Monitor, 1/28/2021

iM-Weekly Unemployment Monitor

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

The unadjusted initial claims totaled 873,966 in the week ending January 23, a decrease of 101,498 from the previous week’s upward revised number, this is the seventh running week of over 800,000 claims. This makes up 0.61% 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 unadjusted continuous insured unemployment in state programs totaled 5,208,719, a decrease of 274,055 from the preceding week.

Also, the total number of people claiming benefits in all programs for the week ending January 9 was 18,282,090, an increase of 2,293,495 from the previous week

Please refer The iM-Weekly Unemployment Monitor