Unemployment claims for week ending April 25, 2020 at 3.839 million; running total for past 6 weeks tops 30 million

The Department of Labor released the unemployment claims statistics for the week ending April 25, 2020, reporting 3,839,000 new claims. This number marks “a decrease of 810,000 from the previous week’s revised level . . . [which had been revised upward] by 15,000 from 4,427,000 to 4,442,000. The 4-week moving average was 5,033,250, a decrease of 757,000 from the previous week’s revised average.” Over 30 million workers have filed unemployment claims during the past 6 weeks. Estimates for April 2020’s unemployment rate have prompted comparisons to peak rates during the Great Depression.