Global| Mar 26 2020U.S. Initial Claims for Unemployment Insurance Soar to Record XXXX Million
Summary
PREVIOUS >>> Initial jobless claims for unemployment insurance surged by 70,000 to 281,000 (+28.3% y/y) in the March 14 week........ Continuing claims for unemployment insurance were 1.701 million in the week ended March 7............ [...]
PREVIOUS >>> Initial jobless claims for unemployment insurance surged by 70,000 to 281,000 (+28.3% y/y) in the March 14 week........
Continuing claims for unemployment insurance were 1.701 million in the week ended March 7............
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The Bureau of Labor Statistics anticipates that COVID-19 will not impact its release calendar.
Data on weekly unemployment claims going back to 1967 are contained in Haver's WEEKLY database, and they are summarized monthly in USECON. Data for individual states are in REGIONW. The expectations figure is from the Action Economics Forecast Survey, carried in the AS1REPNA database.
| Unemployment Insurance (SA, 000s) | 03/21/20 | 03/14/20 | 03/07/20 | Y/Y % | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|
| Initial Claims | ??? | 281 | 211 | 28.3 | 218 | 220 | 244 |
| 4-wk avg | ??? | 232.25 | 215.75 | -- | -- | -- | -- |
| Continuing Claims | -- | ??? | 1,701 | -1.9 | 1,701 | 1,755 | 1,961 |
| 4-wk avg | -- | ??? | 1703.25 | -- | -- | -- | -- |
| Insured Unemployment Rate (%) | -- | 1.2 | 1.2 |
1.2 |
1.2 | 1.2 | 1.4 |
Gerald D. Cohen
AuthorMore in Author Profile »Gerald Cohen provides strategic vision and leadership of the translational economic research and policy initiatives at the Kenan Institute of Private Enterprise.
He has worked in both the public and private sectors focusing on the intersection between financial markets and economic fundamentals. He was a Senior Economist at Haver Analytics from January 2019 to February 2021. During the Obama Administration Gerald was Deputy Assistant Secretary for Macroeconomic Analysis at the U.S. Department of Treasury where he helped formulate and evaluate the impact of policy proposals on the U.S. economy. Prior to Treasury, he co-managed a global macro fund at Ziff Brothers Investments.
Gerald holds a bachelor’s of science from the Massachusetts Institute of Technology and a Ph.D. in Economics from Harvard University and is a contributing author to 30-Second Money as well as a co-author of Political Cycles and the Macroeconomy.
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