Next Round of Unemployment Claims Statistics Released: 4,427,000 for Week Ending April 18, 2020

The Department of Labor released the unemployment claims statistics for the week ending April 18, 2020, reporting 4,427,000 new claims. This number marks “a decrease of 810,000 from the previous week’s revised level . . . [which had been revised downward] by 8,000 from 5,245,000 to 5,237,000. The 4-week moving average was 5,786,500, an increase of 280,000 from the previous week’s revised average.”