iM-Weekly Unemployment Monitor
The DOL reported unadjusted initial claims, totaled 504,670 (0.36% of Covered employment) in the week ending May 1, a decrease of 107,390 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 3,786,096, an increase of 2,533 from the preceding week
However, the total number of people claiming benefits in all programs for the week ending April 17 was 16,157,024, a decrease of 404,509 from the previous week.
Please refer The iM-Weekly Unemployment Monitor
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