Statement by Assistant Secretary of Labor for the Employment and Training Administration John Pallasch on Weekly Unemployment Claims

The following news release was published by the Employment and Training Administration on Oct. 22, 2020. It is reproduced in full below.

WASHINGTON, DC – Assistant Secretary of Labor for the Employment and Training Administration John Pallasch issued the following statement regarding Weekly Unemployment Claims: “As Americans continue to return to work, today’s report showed a huge decrease of one million individuals coming off of unemployment insurance rolls. The four week average initial weekly claim numbers, which takes out much of the volatility of weekly claims, hit the lowest point since the start of the pandemic. “The reports from the last month show a strengthening economy. During the month, nearly three million individuals have left the unemployment system. Today’s report along with the Bureau of Labor Statistics’ September State Employment and Unemployment Rates released yesterday, that showed 38 states with an unemployment rate drop, is further proof the job market is well on the way back. That is good news for American workers.”

Source: Employment and Training Administration