Thursday, October 23, 2025

Latest

US Jobless Claims Hits Unadjusted Record of 2.89 Million; Up Over 1,000%

According to the US Department of Labor the week ending March 21, seasonally adjusted initial jobless claims was 3,283,000, an increase of 3,001,000 from the previous week’s revised level. Setting a record level of seasonally adjusted initial claims, from the previous high of 695,000 in October of 1982. The 4-week moving average was 998,250, an increase of 765,750 from the previous week’s revised average. The previous week’s average was revised up by 250 from 232,250 to 232,500.

Source: https://www.dol.gov/

The unadjusted number came in at 2,898,450 for the week, an increase of 2,647,034 (or 1,052.9%) from the previous week.

Source: https://www.dol.gov/

This on the heels of a $2 trillion stimulus package passed Wednesday, that has $500B earmarked in direct payments and unemployment enhancements to combat the economic crisis caused by the virus.

At the time of publishing, the Dow Futures are down 1.17% to $20,780.


Information for this briefing was found via the provided links. The author has no securities or affiliations with any of the mentioned securities. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Steadright Enters MOU To Acquire Historic Goundafa Polymetallic Mine In Morocco

Military Seizes Power in Madagascar After President Flees

Related News

US Jobless Claims Unexpectedly Rise Despite Improving Labour Market

New claims for unemployment benefits unexpectedly increased last week, despite ongoing vaccine rollouts and business...

Saturday, April 3, 2021, 11:26:00 AM

US Jobless Claims Down For Second Week Amid Labour Market Strength

It appears that America’s labour market is still strong despite rising economic uncertainty and threats...

Saturday, August 27, 2022, 01:07:00 PM

Canada Jobless Claims to Hit Just Under 1 Million, US Could See upto 3 Million Initial Claims

Just under 1 million Canadians applied for jobless claims last week; approximately 5 percent of...

Wednesday, March 25, 2020, 01:27:03 PM

Incoming Unemployment Data Paints Grim Picture of Economic Situation in the US

It is nearing a month since national lockdowns and social distancing measures were put in...

Sunday, April 26, 2020, 02:00:00 PM

US Government Has Been Underpaying and Miscounting Unemployment Recipients Ahead of December Covid-19 Benefits Expiry

As millions of Americans grapple with the fact that they are slated to have a...

Wednesday, December 2, 2020, 10:29:12 AM