From the US Dept of Labor:
In the week ending Feb. 27, the advance figure for seasonally adjusted initial claims was 469,000, a decrease of 29,000 from the previous week's revised figure of 498,000. The 4-week moving average was 470,750, a decrease of 3,500 from the previous week's revised average of 474,250.
The advance seasonally adjusted insured unemployment rate was 3.5 percent for the week ending Feb. 20, a decrease of 0.1 percentage point from the prior week's revised rate of 3.6 percent.
The advance number for seasonally adjusted insured unemployment during the week ending Feb. 20 was 4,500,000, a decrease of 134,000 from the preceding week's revised level of 4,634,000. The 4-week moving average was 4,575,750, a decrease of 29,250 from the preceding week's revised average of 4,605,000.
The fiscal year-to-date average of seasonally adjusted weekly insured unemployment, which corresponds to the appropriated AWIU trigger, was 5.186 million.
State with largest unemployment drop: California – 12,000
State with largest unemployment rise: New Jersey – 4,879
How many unemployed that have ran out of benefits and sre still unemployed?
ReplyDeleteAnon:
ReplyDeleteThe newest numbers will be out tomorrow, but right now, there are over 5 million on "tradition" unemployment benefits and another 5 million + on "extended" benefits. I've not seen a recent stat on those that have dropped off. Total unemployment in January was around 14.8 million.
As a note, the unemployment rate is based on those who are "able and willing" to work, not on if they do or do not receive benefits.
Thanks for your answer to my comment. RLH
ReplyDelete