Unemployment Claims for Week Ending April 11, 2020 at 5,245,000

The Department of Labor released the unemployment claims statistics for the week ending April 11, 2020, reporting 5,245,000 new claims. This number marks “a decrease of 1,370,000 from the previous week’s revised level [which had been revised upward] by 9,000 from 6,606,000 to 6,615,000. The 4-week moving average was 5,508,500, an increase of 1,240,750 from the previous week’s revised average.”