SPSM - COVID-19 Recession: No Sign Of A Recovery - The iM-Weekly Unemployment Monitor Update 8/20/2020

Today’s DOL Unemployment Insurance Weekly Claims shows some improvement in the employment situation.

The non-seasonal adjusted initial claims at 891,510 are up by 52,776 when compared to the previous week. However, the non-seasonal adjusted continuous insured unemployed at 14,265,344 have decreased by 935,998 over the last week, which is encouraging.

Also, the total persons claiming some form of UI benefit as of July 25 are reported by the DOI as 28,059,349, a decrease of 197,601 from last week’s upward revised figure. These figures signal that there is no significant improvement in job losses, or return