US Unemployment Surges To Highest Since Great Depression

Helmholtz Watson

US initial jobless claims 2981K v 2500K estimate

Initial jobless claims 2981K versus 2500K estimate. Prior month revised 23176K from 3169K previously reported
4 week moving average of initial jobless claims 3616.5 K versus 4180.5 K last week

Continuing claims 22833K versus 25120K estimate. Prior week revised to 22377K versus 22647K estimate
4 week moving average of continuing claims 19760K versus 17030.25K last week

Lifted the total reported since March 21st to 36.5 million, equivalent to nearly a quarter of the working age population.