Michigan Unemployment Fell Slightly Last Week, Still Hovers Near 575,000 Claims

Unemployment line

Although new claims dropped slightly from the previous week, Michigan’s unemployment reversed its downward trajectory in the weeks ending July 11 and July 18.

New claims fell by 2,647 during the last full week of July, from 24,596 the week prior to 21,949 the week ending July 25. That gain was offset by an increase of 54,440 new claims since July 11.

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More Than 1.4 Million Americans File New Unemployment Claims

More than 1.4 million American workers filed new unemployment claims last week, an increase over the previous week as new restrictions are being put in place to slow the spread of COVID-19.

According to the U.S. Department of Labor, 1.43 million workers filed new claims for unemployment benefits in the week ending July 25, up 12,000 from the week ending July 18. It was the second week in a row that new claims increased.

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New Claims Drop but Michigan Unemployment Still Above 500,000

Michigan was in the top 5 U.S. states reporting the largest decreases in initial unemployment claims for the week ending July 11.

The state reported a 6,882 week-over-week decline in new claims for that week. New claims in Michigan dropped by another 5,884 claims the week ending July 18.

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Michigan Unemployment in June Falls 6.5 Percent Since May, Still Above ‘Great Recession’ Levels

Michigan unemployment climbed by 24,000 new claims last week, bringing the state’s total number of unemployment claims to 555,162.

However, the week-over-week tally fell by 9,705 new claims from 34,602 new claims in the week ending July 4 to 24,897 new claims in the week ending July 11, according to U.S. Department of Labor data. Those numbers are still above unemployment levels recorded at the height of the Great Recession of 2009.

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Michigan’s Unemployment Once Again Begins to Drop

 New unemployment claims dropped slightly in Michigan last week, a trend also reflected in national numbers reported by the U.S. Department of Labor (DOL).

The week-over-week numbers reported for Michigan the week ending July 4 show 34,470 DOL new initial claims, a decrease of 3,839 initial unemployment claims from the previous week’s 38,309 new claims.

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Weekly Jobless Claims Lower Than Expected at 1.3 Million

Jobless claims for the past week were lower than economists had predicted as workers begin returning to their jobs, according to data from the Labor Department shows.

The total number for jobless claims for the week ending in July 4 was 1.3 million, according to the Labor Department data, which is 99,000 fewer claims than the previous week. Economists surveyed by Down Jones had predicted 1.39 million jobless claims, according to CNBC.

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New U.S. Unemployment Claims Drop Below 2 Million, but Total Claims Top 42 Million

The number of new unemployment claims filed last week dropped to 1.88 million, the first time weekly claims didn’t exceed 2 million since mid-March.

Still, the total number of claims filed since government restrictions closed businesses deemed nonessential to slow the spread of COVID-19 surpassed 42 million in the 11 weeks since states began shutting down significant parts of their economy.

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US Job Losses in May Could Raise 3-Month Total to 30 Million

The epic damage to America’s job market from the viral outbreak will come into sharper focus Friday when the government releases the May employment report: Eight million more jobs are estimated to have been lost. Unemployment could near 20%. And potentially fewer than half of all adults may be working.

Beneath the dismal figures will be signs that job cuts, severe as they are, are slowing as more businesses gradually or partially reopen. Still, the economy is mired in a recession, and any rebound in hiring will likely be painfully slow. Economists foresee unemployment remaining in double-digits through the November elections and into 2021.

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Michigan Adds Another 57,714 Unemployed Last Week

Michigan’s unemployment still hovers near 1.5 million claims, according to U.S. Department of Labor numbers released Thursday morning.

Michigan’s unemployment level is slightly under 23 percent, more than a 400 percent increase since the beginning of measures implemented by Gov. Gretchen Whitmer to curtail the spread of COVID-19 in late March.

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