Jobless Claims Plunge as Nation Enters Post-Pandemic Recovery Stage
May 6, 2021 – The Labor Department reported that 498,000 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 37,000 from 553,000 to 590,000. With the revisions, this is the lowest level of claims since the pandemic struck last year. Economists surveyed by the Wall Street Journal had been looking for a drop to 527,000 new claims. Since last February, the U.S. has lost over 11 million jobs.
While the number of weekly claims remains high by historical means, the trend is falling now that the U.S. economy continues to reopen and close to three million Americans receive vacations each day for COVID-19. The U.S. is still vaccinating more than two million people a day and soon will have half the population with at least one shot. “In the last few weeks, we’ve seen a pretty drama
The state s labor department also reports $12.7 million in unemployment benefits were paid out last week. Author: Wilson Beese (9NEWS) Updated: 8:39 AM MDT May 6, 2021
DENVER The Colorado Department of Labor and Employment (CDLE) estimated there were 4,472 initial regular unemployment insurance (UI) claims after adjusting for fraud, and $12.7 Million in benefits were paid out the week ending May 1.
CDLE also reported 618 initial Pandemic Unemployment Assistance (PUA) claims filed the same week.
> Video above: Tech upgrades lead to delays for some receiving unemployment benefits.
There were 196,607 requests for continued weeks the week ending April 24 including 61,105 for UI, 52,898 for PUA and 82,604 for the Pandemic Emergency Unemployment Compensation (PEUC) program. CDLE estimates those requests were made by 163,895 individuals.
Iowa sees further decline in weekly unemployment claims thegazette.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegazette.com Daily Mail and Mail on Sunday newspapers.
Michigan weekly unemployment claims declined last week but remain at elevated levels Adrienne Roberts and Kristi Tanner
New weekly unemployment claims in Michigan declined last week compared with the week prior, the U.S. Department of Labor said Thursday, but they remain at elevated levels.
Popular Searches
New claims, a proxy for layoffs, dropped to 30,816 in the week ending May 1, down from 31,004 the week before, the labor department said.
That s nearly double what they were less than a month ago. A state labor department spokesperson attributes it to a movement of claimants from federal programs to regular state benefits.
New claims for federal programs, such as Pandemic Unemployment Assistance (PUA) and Pandemic Emergency Unemployment Compensation (PEUC), are tallied separately from claims for regular state benefits.
Reply
Another 11,606 Marylanders sought jobless benefits for the first time last week, pushing the total number of filings to more than 1.82M. (Shutterstock)
MARYLAND The number of Maryland workers seeking unemployment benefits was mostly unchanged last week, a sign that the economic rebound from the pandemic may be losing steam.
According to data released Thursday by the Maryland Department of Labor, 11,606 jobless claims were filed for the week ending May 1. That represents a 1 percent increase from the 11,491 claims that were filed the prior week and pushes the total number of applications since March 2020 to more than 1.82 million.
While the number of initial filings has dropped substantially from its peak in May 2020, it is still high by historical standards.