(DENVER) –Today the Colorado Department of Labor and Employment (CDLE) reported that 19,854 regular initial unemployment claims were filed the week ending December 12th. There were also 20,621 Pandemic Unemployment Assistance (PUA) claims filed for the same week. Since mid-March, a total of 682,362 regular initial unemployment claims have been filed and a grand total of 916,915 claims, including federal PUA benefits.
For the week ending December 5th, a combined total of 255,671 continued claims were filed from the regular UI (97,108), PUA (83,656), and Pandemic Emergency Unemployment Compensation (74,907) programs.
Benefits paid since March 29:
Regular UI $2.37 Billion-/- Week ending December 12 $37.0 Million
Pandemic Unemployment Assistance-/- (gig workers/self-employed) $923.4 Million
US jobless claims rise for second straight week to 885,000 Thu 17th December 2020 | 08:01 PM
Washington, (UrduPoint / Pakistan Point News - 17th Dec, 2020 ) :New applications for US jobless benefits increased for the second week in a row, according to government data released Thursday, with 885,000 applications submitted last week.
The rise in seasonally adjusted claims was much worse than expected and 23,000 above the previous week s upwardly revised level, the Labor Department reported.
It was also the fourth week of increases over the past five, indicating layoffs are rising amid prolonged and ongoing negotiations in Congress over a new stimulus package to aid the economy s recovery from the coronavirus pandemic.
US Jobless Claims Rise to Highest Level Since September
WASHINGTON The number of Americans applying for unemployment benefits rose again last week to 885,000, the highest weekly total since September, as a resurgence of coronavirus cases threatens the economy’s recovery from its springtime collapse.
The Labor Department said on Dec. 17 that the number of applications increased from 862,000 the previous week. It showed that nine months after the viral pandemic paralyzed the economy, many employers are still slashing jobs as the pandemic forces more business restrictions and leads many consumers to stay home.
The number of claims was much higher than the 800,000 that economists had expected.
Iowa saw a decrease in new and continuing weekly unemployment claims the week of Dec. 6.
New claims dropped from 10,112 to 6,949, and continuing claims fell, from 42,382 to 38,748.
Construction was the largest source of claims with 1,379, followed by manufacturing with 869, and self-employed and independent contractors with 805.
Administrative, support, waste management and remediation services had 598 claims, and accommodation and food services with 524 claims.
About 58.3 percent of claims were not related to the coronavirus pandemic, the Iowa Workforce Development said.
The claims resulted in $10.9 million in standard unemployment benefits, $7.7 million in Pandemic Emergency Unemployment Compensation payments and $4.5 million in Pandemic Unemployment Assistance.
Federal Pandemic Unemployment Compensation expired at the end of July, but Iowans received $1.4 million in retroactive payments this past week.
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