WASHINGTON, DC – U.S. Secretary of Labor Eugene Scalia issued the following statement on the October 2020 Employment Situation Report:
“The strong economic rebound continues, with approximately 900,000 private sector jobs gained back in September and again in October, and the October unemployment rate dropping a full point, to 6.9 percent. Labor force participation increased, and Asian, Black, and Hispanic Americans all saw substantial decreases in unemployment. The unemployment rate for adult women is now lower than for adult men. As in September, job growth would have been even higher but for declines in government jobs. Teachers’ unions take note: School closures are bad not just for students, but for workers, too.”
In the week ending November 28, the advance figure for seasonally adjusted initial claimswas 712,000, a decrease of 75,000 from the previous week’s revised level. The previous week’s level was revised up by 9,000 from 778,000 to 787,000. The 4-week movingaverage was 739,500, a decrease of 11,250 from the previous week’s revised average. The previous week’s average was revised up by 2,250 from 748,500 to 750,750. The advance seasonally adjusted insured unemployment ratewas 3.8 percent for the week endingNovember 21, a decrease of 0.4 percentage point from the previous week’s revised rate. The previous week’s rate was revised up by 0.1 from 4.1 to 4.2 percent. The advance number for seasonally adjusted insured unemploymentduring the week ending November 21 was 5,520,000, a decrease of 569,000 from the previous week’s revised level. The previous week’s level was revised up 18,000 from 6,071,000 to 6,089,000. The 4-week moving average was 6,194,250, a decrease of 425,500 from the previous week’s revised average. The previous week’s average was revised up by 4,500 from 6,615,250 to 6,619,750.
Leave a Reply
You must be logged in to post a comment.