Another 3.2 Million Added to Weekly Unemployment Roll

The U.S. Department of Labor May 7 said 3.2 million people filed unemployment claims for the week ended May 2. The filings come on top of more than 30 million claims filed over the previous six weeks.

The previous week’s level was revised upward by 7,000 from 3.83 million 3.84 million. The four-week moving average was 4.17 million, a decrease of 861,500 from the previous week’s revised average. The previous week’s average was revised up by 1,750 from 5.033 million to 5.035 million.

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The agency also announced the award of six “Dislocated Worker Grants” (DWGs) totaling more than $10 million to help address the workforce-related impacts of the public health emergency related to the coronavirus. These awards are funded under the Coronavirus Aid, Relief and Economic Security (CARES) Act, which provided $345 million for DWGs to prevent, prepare for and respond to coronavirus.

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