May 13, 2021 | 8:29 AM
During the week of May 2-8, a total of 266 initial weekly claims for state unemployment benefits were processed by the Department of Labor and Regulation. This is an increase of 2 claims from the prior week’s total of 264.
The latest number of continued state claims is 2,576 for the week ending May 1, a decrease of 626 from the prior week’s total of 3,202. This indicates the number of unemployed workers eligible for and receiving benefits after their initial claim.
For the week ending May 8, a total of $453,000 was paid out in state benefits, in addition to $815,000 in Federal Pandemic Unemployment Compensation (FPUC), $78,000 in Pandemic Unemployment Assistance (PUA) and $316,000 in Pandemic Emergency Unemployment Compensation (PEUC) benefits.
Colorado unemployment claims below 5,000 for 2nd straight week
It s the first time initial claims have been under 5,000 for consecutive weeks since the coronavirus pandemic began, CDLE said. Author: Wilson Beese (9NEWS) Updated: 9:00 AM MDT May 13, 2021
DENVER The Colorado Department of Labor and Employment (CDLE) estimated 4,395 initial regular unemployment insurance (UI) claims were filed to week ending May 8, and $19.7 million in benefits were paid out.
There were also 616 initial Pandemic Unemployment Assistance (PUA) claims filed the same week.
>Video above: Colorado labor department continues to see fraudulent claims.
CDLE said this is the first time since the COVID-19 pandemic began in March of 2020 that there have been consecutive weeks with less than 5,000 claims reported.
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May 13, 2021 – The Labor Department reported that 473,000 Americans filed new claims for state unemployment benefits. This is the lowest level for initial claims since March 14, 2020 when it was 256,000. The previous week’s level was revised up by 9,000 from 498,000 to 507,000. The four-week moving average was 534,000, a decrease of 28,250 from the previous week’s revised average. This is also the lowest level for this average since March 14, 2020 when it was 225,500. Since last February, the U.S. has lost over 11 million jobs. “Net, claims fell more than expected last week,” said Rubeela Farooqi, chief U.S. economist for High Frequency Economics.
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The DOL reported:
In the week ending May 8,
the advance figure for seasonally adjusted initial claims was 473,000, a decrease of 34,000
from the previous week s revised level. This is the lowest level for initial claims since March 14, 2020 when it was
256,000. The previous week s level was revised up by 9,000 from 498,000 to 507,000. The 4-week moving average was
534,000, a decrease of 28,250 from the previous week s revised average. This is the lowest level for this average since
March 14, 2020 when it was 225,500. The previous week s average was revised up by 2,250 from 560,000 to 562,250.
emphasis addedThis does not include the 103,571 initial claims for Pandemic Unemployment Assistance (PUA) that was up from 101,815 the previous week.