Iowa Workforce Development reports initial unemployment insurance claims filed for week of April 25 – May 1, 2021
DES MOINES – The number of initial unemployment claims in Iowa, filed between Sunday, April 25, and Saturday, May 1, was 3,375, a decrease of 580 from last week’s adjusted numbers. There were 3,027 initial claims by individuals who work and live in Iowa, and 348 claims by individuals who work in Iowa and live in another state. The number of continuing weekly unemployment claims was 28,451, a decrease of 2,081 from the previous week. For the week ending May 1, 2021, nearly 54.2% of claimants indicated their claims were not COVID-19 related, which is an increase from 50.7% the previous week.
Initial and continuing jobless claims in Iowa both down last week
$7,760,594.26 in unemployment insurance benefits were paid out in the state last week, a weekly decrease of $901,155.40 (10.40%). Author: Local 5 News, Elizabeth Christy, Mario Rossi Published: 1:52 PM CDT May 7, 2021 Updated: 1:52 PM CDT May 7, 2021
IOWA, USA 3,375 initial unemployment claims were filed last week in Iowa, a decrease of 580 (14.66%) from the previous week.
3,027 initial claims for the week of April 25-May 1 were by people who work and live in Iowa, and 348 were by individuals who work in Iowa but live outside the state.
For the week ending May 1, 2021, nearly 54.2% of claimants indicated their claims were not COVID-19 related, which is an increase from 50.7% the previous week, Iowa Workforce Development said in a release.
DES MOINES, Iowa - Iowa continues to show a downward trend in weekly jobless claims.
Thursday s release form the U.S Labor Department shows a 7 percent drop in ongoing claims, which tend to align with the actual unemployment rate.
First time claims are also down.
Iowa s overall unemployment rate is tied for fourth lowest in the county at 3.7 percent.
By the numbers, first time weekly jobless claims are down by 580, from 3,955 to 3,375, a drop of about 15 percent. First time claims were down 44 percent in the previous week.
First time claims can wobble by seemingly wide margins from week to week without greatly impacting overall longer range numbers.
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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 62.7 percent, which is 1 percentage point lower than last month s all-time high of 63.7 percent. The April reading indicates the 11th straight month of growth for the services sector, which has expanded for all but two of the last 135 months. The Supplier Deliveries Index registered 66.1 percent, up 5.1 percentage points from March s reading of 61 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.) The Prices Index figure of 76.8 percent is 2.8 percentage points higher than the March reading of 74 percent, indicating that prices increased in April, and at a faster rate. This is the index s highest readi
April 2021 ISM and Markit Services Surveys Remain Well Into Expansion
The ISM declined but remained in expansion whilst the Markit PMI improved and advanced further into expansion.
Analyst Opinion of the ISM and Markit Services Survey
With the economy reopening, it comes as no surprise that both of these indices are well into expansion.
From Econoday:
Most marked upturns in output and new orders on record
Employment growth accelerates
Cost pressures strongest on record
April PMITM data indicated a marked and unprecedented expansion in business activity across the U.S. service sector. Supporting the upturn in output was the fastest increase in new business on record. Pressure on capacity remained evident, as backlogs of work accumulated at a faster pace and employment rose at the second-sharpest rate on record. Some concerns regarding the sustainability of new order inflows weighed slightly on business confidence, although optimism remained relatively strong. Meanwhile, input