Latest Unemployment Claims Up Due To Coronavirus Surge

Going out of business

Nationally, 1,434,000 people filed initial claims for unemployment for the week ending July 25, an increase of 12,000 from the previous week's number, according to a press release from the U.S. Department of Labor. There were 6,764 filed from individuals who work and live in Iowa and 677 filed from those who work in Iowa but live in another state.

As Republican and Democratic lawmakers continue to debate the extension of the extra 600 dollars unemployment benefits, which are set to expire Friday, House said the "stakes are high" with more than 30 million workers collecting unemployment insurance.

According to the newest report from the Massachusetts Executive Office of Labor and Workforce Development, new unemployment claims rose while continued claims declined last week when compared to the previous week. The previous worst quarterly contraction, 10 percent, occurred in 1958.

A top Utah official said Thursday that in light of continued economic improvement in Utah and elimination of the $600 weekly payment, the state will soon end its policy of exempting recipients from weekly job searches when they report they are furloughed rather than laid off.

State labor officials indicated that a considerable chunk of new weekly unemployment claims is made up of furloughed CWA members.

Initial jobless claims rose for a second consecutive week in the U.S., with the grim employment data following hot on the heels of a record contraction in the economy as the impact of the coronavirus pandemic deepens, government statistics show.

Roughly 1.2 million benefits have been claimed, and 96 percent of them have received at least one payment, which still comes out to roughly 50,000 New Jerseyans who have not gotten a single payment. New unemployment claims peaked at a state-record 272,188 during the week ending March 28.

The ODJFS has also distributed more than $4.7 billion in Pandemic Unemployment Assistance benefits to more than 492,000 people.



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