SMLL - COVID-19 Recession - No Sign Of A Recovery: The iM-Weekly Unemployment Monitor: Update 8/27/2020
Today’s DOL Unemployment Insurance Weekly Claims report shows continued but slow improvement in the employment situation.
The non-seasonal adjusted initial claims at 821,591 are down by 67,958 when compared to previous week. Also, the non-seasonal adjusted continuous insured unemployed at 13,909,872 have decreased by 272,941 over the last week, which is encouraging.
Also, the total persons claiming some form of UI benefit, as of August 8, are reported by the DOI as 27,017,232 a decrease of 1,042,323 from previous week’s figure.
These figures signal that there is a slow, and continuous, improvement to the return