The Labor Department released its weekly statistics on Thursday. Those statistics showed that another 779,000 workers filed for unemployment benefits in the week ending on January 30th. Thank goodness that we now have a president that is making it a priority to fight the COVID-19 pandemic. Until that virus is under control, the economy cannot be healed.
Here is the official Labor Department statement:
In the week ending January 30, the advance figure for seasonally adjusted initial claims was 779,000, a decrease of 33,000 from the previous week's revised level. The previous week's level was revised down by 35,000 from 847,000 to 812,000. The 4-week moving average was 848,250, a decrease of 1,250 from the previous week's revised average. The previous week's average was revised down by 18,500 from 868,000 to 849,500.