iM-Weekly Employment Monitor, 11/2/2021

iM-Weekly Unemployment Monitor

The 2/18/2021 DOL Unemployment Insurance indicates a stagnant insured employment situation albeit that both initial claims and continued claims decreased against the previous week.

The unadjusted level of initial claims, totaled 862,351 (or 0.61% of the Covered Employment) in the week ending February 13, a decrease of 5,702 from the previous week’s, by 54,908, upward revised figure;  this is the tenth running week of over 800,000. The 50 year long term average of initial claims as a percentage of Covered Employment  (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 level of insured unemployment in state programs totaled 4,945,014, a decrease of 93,576 from the preceding week’s figure.

Also, the total number of people claiming benefits in all programs for the week ending January 30 was 18,340,161, a decrease of 1,325,567 from the previous week’s, by 870,290, downward revised figure.

Please refer The iM-Weekly Unemployment Monitor