The Labor Department released its weekly statistics yesterday. It showed that another 787,000 workers filed for unemployment benefits in the week ending on January 2nd. That's still about three times the number filing before the Trump/Pandemic recession.
Thank goodness we will soon have a new president -- one that will take the pandemic seriously. Because the economy cannot improve until the pandemic is controlled.
Here's the official Labor Department statement:
In the week ending January 2, the advance figure for seasonally adjusted initial claims was 787,000, a decrease of 3,000 from the previous week's revised level. The previous week's level was revised up by 3,000 from 787,000 to 790,000. The 4-week moving average was 818,750, a decrease of 18,750 from the previous week's revised average. The previous week's average was revised up by 750 from 836,750 to 837,500.
