CNBC: Continuing Unemployment Claims at 21 million

From CNBC:

Continuing claims, or those who have been collecting for at least two weeks, numbered 21.05 million, a clearer picture of how many workers are still sidelined. That number dropped sharply, falling 3.86 million from the previous week.

The insured unemployment rate, which is a basic calculation of those collecting benefits vs. the total labor force, came down sharply to 14.5% from 17.1% the previous week.

Since the pandemic was declared in mid-March, more than 40 million have filed claims.

Chart of continued unemployment claims in the U.S. through May 16, 2020.

 

Chart of U.S. initial unemployment clams through Saturday, May 23, 2020.

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