The Labor Department released its weekly statistics on Thursday. It showed that another 900,000 workers filed for unemployment benefits in the week ending on January 16th.
Fortunately, we now have a new president -- one that is making fighting the pandemic a priority. That's good, because the economy can't be fixed until the Coronavirus is controlled.
Here is the official statement from the Labor Department:
In the week ending January 16, the advance figure for seasonally adjusted initial claims was 900,000, a decrease of 26,000 from the previous week's revised level. The previous week's level was revised down by 39,000 from 965,000 to 926,000. The 4-week moving average was 848,000, an increase of 23,500 from the previous week's revised average. The previous week's average was revised down by 9,750 from 834,250 to 824,500.
