TWM - COVID-19 Recession - No Sign Of A Recovery; The iM-Weekly Unemployment Monitor: Update 6/25/2020
Today's DOL Unemployment Insurance Weekly Claims shows no improvement in the employment situation.
The non-seasonal adjusted initial claims at 1,457,373 is near the previous weeks level, but the non-seasonal adjusted continuous insured unemployed at 17,921,282 are 0.5 million below the previous weeks level. However, the total persons claiming UI benefit increased by 1.3 million to 30,553,817. These figures signal that there is no real sign of improvement in job losses nor return to work due to the COVID-19 recession.
In the current COVID-19 situation we believe that the only meaningful figures from this weekly report