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Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

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Data: Department of Labor via FRED; Chart: Axios Visuals

Lots of media companies reported that initial jobless claims rose for the first time in 15 weeks last week, but that is only true when looking at the seasonally adjusted data.

Why it matters: Seasonal adjustment has significantly altered the number of claims, with reports showing more than 300,000 additional initial jobless claims during weeks in May.

  • The difference between seasonally adjusted and unadjusted continuing claims was around 2 million for every week in May.

By the numbers: Unadjusted numbers showed an increase in initial claims for the week of July 11, with claims rising to 1.5 million from 1.4 million the previous week.

  • The number of claims, not adjusted, fell last week to 1.4 million.

Of note: The total unadjusted number of people receiving unemployment benefits through all state and federal programs was 31.8 million for the week ending July 4. That represents about 1 in 5 people in the workforce.

Go deeper

Oct 20, 2020 - World

Argentina becomes 5th country to report 1 million coronavirus cases

High school students at an improvised classroom in the yard of their school in Buenos Aires, Argentina, on Oct. 13. Photo: Juan Mabromata/AFP via Getty Images

Argentina's health ministry reported 12,982 new coronavirus cases Monday night, taking the country's total to 1,002,662.

Why it matters: Argentina is the fifth country to surpass 1 million COVID-19 cases, after Russia (over 1.4 million), Brazil (more than 5.2 million), India (7.5-plus) and the U.S. (over 8.2 million), per Johns Hopkins. "It means one in every 45 Argentinians have had the virus," the Guardian notes. The country reported Monday that the virus had killed another 451 people, taking the death toll to over 26,000.

Editor's note: The headline of this story has been corrected to show Argentina passed 1 million cases not 5 million.

4 hours ago - Health

Biden says it's "not the time to relax" after touring vaccination site

President Biden speaking after visiting a FEMA Covid-19 vaccination facility in Houston on Feb. 26. Photo: Mandel Ngan/AFP via Getty Images

President Biden said Friday that "it's not the time to relax" coronavirus mitigation efforts and warned that the number of cases and hospitalizations could rise again as new variants of the virus emerge.

Why it matters: Biden, who made the remarks after touring a vaccination site in Houston, echoed CDC director Rochelle Walensky, who said earlier on Friday that while the U.S. has seen a recent drop in cases and hospitalizations, "these declines follow the highest peak we have experienced in the pandemic."

Updated 4 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

  1. Health: Most COVID-19 survivors can weather risk of reinfection, study says — "Twindemic" averted as flu reports plummet amid coronavirus crisis
  2. Vaccine: FDA advisory panel endorses J&J COVID vaccine for emergency use — About 20% of U.S. adults have received first vaccine dose, White House says — New data reignites the debate over coronavirus vaccine strategy.
  3. Economy: What's really going on with the labor market.
  4. Local: All adult Minnesotans will likely be eligible for COVID-19 vaccine by summer — Another wealthy Florida community receives special access to COVID-19 vaccine.
  5. Sports: Poll weighs impact of athlete vaccination.