iM-Weekly Unemployment MonitorThe 4/2/2021 BLS Employment Situation Report shows that the unemployment rate dropped 0.12% to 6.0%. The BLS reports 9.972 million are unemployed whereas the4/1/2021 DOL reports that 18.213 million persons receive some form of unemployment benefit, or 11.4% of the labor force.
The DOL reported unadjusted initial claims, totaled 714,433 (0.5% of Covered employment) in the week ending March 27, an increase of 63,282 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 4,142,940, a decrease of 90,696 from the preceding week
However, the total number of people claiming benefits in all programs for the week ending March 13 was 18,213,575, a decrease of 1,517,926 from the previous week.
Please refer The iM-Weekly Unemployment Monitor
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