SMLL - Covid-19 Recession - A Slow Improvement: The iM-Weekly Unemployment Monitor Update 9/4/2020
Yesterday's DOL Unemployment Insurance Weekly Claims report shows continued but slow improvement in the employment situation.
The non-seasonal adjusted initial claims at 833,352 are up by 7,591 when compared to previous week. However, the non-seasonal adjusted continuous insured unemployed at 13,104,366 have decreased by 764,713 over the last week, which is encouraging.
Also, the total persons claiming some form of UI benefit as of August 25 are reported by the DOI as 29,224,546, an increase of 2,195,835 from last week's upward revised figure. These figures signal that there is a slow improvement in the return