Weekly UI Claims Still at Staggering Levels; New Unemployment Estimates – Implications for New York State
This is an excerpt from High Road Policy blog, where you can read the full article.
Earlier today, the U.S. Department of Labor (DOL) reported another 3.169 million initial unemployment insurance (UI) claims across the United States for the week ending 2 May 2020. That brings the total number of claims made since the last week of March – when the New York State COVID-19 PAUSE and nationwide stay-at-home orders went into effect – to nearly 33.5 million. To put that figure in perspective, the total national civilian labor force was estimated to be around 162.537 million workers in March 2020 (not seasonally adjusted). In other words, the number of UI claims made over the past seven weeks adds up to over one-fifth of the U.S. workforce.
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