Unemployment Claims for Week Ending April 4, 2020 at 6.6 million

The Department of Labor just released statistics for Unemployment Claims for the week ending April 4, 2020 revealing 6,606,000 new claims. This number marks “a decrease of 261,000 from the previous week’s revised level [which had been revised] upward by 219,000 from 6,648,000 to 6,867,000. The 4-week moving average was 4,265,500, an increase of 1,598,750 from the previous week’s revised average.”