Today’s DOL Unemployment Insurance Weekly Claims shows no improvement in the employment situation.
The non-seasonal adjusted initial claims at 1,445,481 are down by 14,575 when compared to the previous week, but the non-seasonal adjusted continuous insured unemployed at 17,920,654 has increased by 266,351 over the last week. Also, the total persons claiming some form of UI benefit increased by 916,722 to 31,491,627. These figures signal that there is no sign of improvement in job losses, or return to work numbers due to easing of the Covid-19 recession.
We also need to point out that the