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Posted: 2020-09-10 13:08:33

Comments on Weekly Unemployment Claims

Unemployment numbers are still staggering and will hurt economy

From Calculated Risk at Calculated Risk
Originally published 2020 09 10
There are typically around 2 million people receiving benefits from the various programs (mostly regular unemployment insurance).As of the release this morning, there were still almost 30 million people receiving benefits as of August 22nd.
This was a very disappointing weekly report. Initial claims were higher than expected, and there was a further increase in initial claims (regular and PUA), and the total continued claims increased - and remains at a very high level.
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Tags:initial claim,initial unemployment claim,great recession,worst week,second graph,25th consecutive week,weekly initial unemployment,total continued claim,initial weekly claim,pandemic unemployment assistance

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