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 initial claims, totaled 710,313 (or 0.50% of covered employment) in the week ending February 20, a decrease of 131,734 from the previous week 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 advance unadjusted level of insured unemployment in state programs totaled 4,828,027, a decrease of 143,320 from the preceding week.
However, the total number of people claiming benefits in all programs for the week ending February 6 was 19,042,686, an increase of 701,102 from the previous week.
Please refer The iM-Weekly Unemployment Monitor
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