First time claims have dropped eight percent from the previous week.
Ongoing claims are also down, and have dropped by two-thirds from their pandemic peak in May of last year.
Ongoing weekly claims more closely represent Iowa s actual unemployment rate, which is currently the 4th lowest in the country.
By the numbers, first time weekly claims are down by 581, from 7,366 to 6,785, equaling the drop of six percent.
Ongoing claims are down 1,859, from 48,553 to 46,694, a roughly four percent drop.
Ongoing claims reached a peak in the early stages of the pandemic of more than 191,000 in late May of 2020.
For the most recent week, unemployment insurance benefit payments totaled $15,333,229.77, a slight increase from $15,638,255.25 the week before.
First time claims have dropped eight percent from the previous week.
Ongoing claims are also down, and have dropped by two-thirds from their pandemic peak in May of last year.
Ongoing weekly claims more closely represent Iowa s actual unemployment rate, which is currently the 4th lowest in the country.
By the numbers, first time weekly claims are down by 581, from 7,366 to 6,785, equaling the drop of six percent.
Ongoing claims are down 1,859, from 48,553 to 46,694, a roughly four percent drop.
Ongoing claims reached a peak in the early stages of the pandemic of more than 191,000 in late May of 2020.
For the most recent week, unemployment insurance benefit payments totaled $15,333,229.77, a slight increase from $15,638,255.25 the week before.
Iowa Workforce Development reports initial unemployment insurance claims filed for week of January 10 - 16, 2021 DES MOINES - The number of initial unemployment claims in Iowa, filed between Sunday, Jan. 10, and Saturday, Jan. 16, was 6,785, a decrease of 581 from last week’s adjusted numbers. There were 6,115 initial claims by individuals who work and live in Iowa, and 670 claims by individuals who work in Iowa and live in another state. The number of continuing weekly unemployment claims was 46,694, a decrease of 1,859 from the previous week. November through February are typically the months IWD sees the most unemployment claims, driven by increased claims in construction, agriculture, landscaping and manufacturing due to seasonal layoffs. For the week ending Jan. 16, 2021, nearly 63.6% of claimants indicated their claims were not COVID-19 related, which is a decrease from 68.3% the previous week.
ISM® Reports Economic Improvement to Continue in 2021
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Manufacturing Growth Expected in 2021; Revenue to Increase 6.9%; Capital Expenditures to Increase 2.4%; Capacity Utilization Currently at 85.7%; Services Growth Projected in 2021; Revenue to Increase 1.6%; Capital Expenditures to Increase 12.7%: Capacity Utilization Currently at 86.6%
TEMPE, Ariz., Jan. 19, 2021 /PRNewswire/ Economic improvement in the United States will continue in 2021, say the nation s purchasing and supply management executives in the December 2020
Semiannual Economic Forecast. This expansion will continue a growth trend that began in June 2020, as indicated in the monthly ISM
®
Report On Business
®. Revenues are expected to increase in 15 of 18 manufacturing industries and 12 of 18 services-sector industries. Capital expenditures are expected to increase by 2.4 percent in the manufacturing sector (after a 2.4-percent decline in 2020) and i
®.
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 57.2 percent, 1.3 percentage points higher than the November reading of 55.9 percent. This reading represents a seventh straight month of growth for the services sector, which has expanded for all but two of the last 131 months. The Supplier Deliveries Index registered 62.8 percent, up 5.8 percentage points from November s reading of 57 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.)