iM-Weekly Employment Monitor, 4/29/2021

iM-Weekly Unemployment Monitor

The DOL reported unadjusted initial claims, totaled 575,350 (0.4% of Covered employment) in the week ending April 17, a decrease of 9,486 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 3,790,527, a decrease of 49,902 from the preceding week

However, the total number of people claiming benefits in all programs for the week ending April 10 was 16,559,276, a decrease of 845,874 from the previous week.

Please refer The iM-Weekly Unemployment Monitor