By Jason Taylor
DES MOINES, Iowa - Weekly jobless claims in Iowa are mostly stable.
Ongoing weekly claims, which reflect the state s unemployment, rate rose by less than one percent in the most recent week.
Iowa s overall rate of unemployment is the second lowest in the country at 3.1 percent.
By the numbers, first time weekly claims are up by 678, from 5,251 to 5,938, a rise of 12 percent. By comparison, first time claims dropped by 14 percent in the previous week.
Ongoing claims are up 405, from 46,303 to 46,708, which is just under one percent.
Ongoing claims reached a peak in the early stages of the pandemic of more than 191,000 in late May of 2020.
By Jason Taylor
DES MOINES, Iowa - Weekly jobless claims in Iowa are mostly stable.
Ongoing weekly claims, which reflect the state s unemployment, rate rose by less than one percent in the most recent week.
Iowa s overall rate of unemployment is the second lowest in the country at 3.1 percent.
By the numbers, first time weekly claims are up by 678, from 5,251 to 5,938, a rise of 12 percent. By comparison, first time claims dropped by 14 percent in the previous week.
Ongoing claims are up 405, from 46,303 to 46,708, which is just under one percent.
Ongoing claims reached a peak in the early stages of the pandemic of more than 191,000 in late May of 2020.
January 2021 ISM and Markit Services Surveys Improved
Analyst Opinion of the ISM and Markit Services Survey
I have a hard time believing services are in expansion with many restaurants, bars, and gyms running nowhere near full potential - and parts of the country have returned to lockdown.
From Econoday:
Output and new order growth regain momentum
Fastest increase in cost burdens on record
Slowest rise in employment since July 2020
January PMITM data signalled a sharper expansion in business activity across the U.S. service sector. Excluding November s recent high, the latest upturn was the fastest since March 2015, amid a stronger rise in new business. Foreign client demand also picked up, as new export orders returned to growth. Despite a notable improvement in business confidence, the rate of job creation eased as pressure on capacity dwindled and concerns regarding the short-term outlook remained. Meanwhile, cost burdens soared once again, with the rate of input price infl
®.
The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management
® (ISM
®) Services Business Survey Committee: The Services PMI
® registered 58.7 percent, 1 percentage point higher than the seasonally adjusted December reading of 57.7 percent. This reading is the highest since February 2019 (58.8 percent) and indicates the eighth straight month of growth for the services sector, which has expanded for all but two of the last 132 months. The Supplier Deliveries Index registered 57.8 percent, down 5 percentage points from December s reading of 62.8 percent. (Supplier Deliveries is the only ISM
®
Report On Business
® index that is inversed; a reading of above 50 percent indicates slower deliveries, which is typical as the economy improves and customer demand increases.)