Monthly Archives: October 2020

Idaho’s Unemployment Continued Claims Decrease for 23rd Consecutive Week

NEWS RELEASE

For Immediate Release: Oct. 15, 2020
Media Contact: Craig Shaul, Craig.Shaul@labor.idaho.gov or Salvador Vazquez, Salvador.Vazquez@labor.idaho.gov

The number of Idahoans who filed a continued claim for unemployment insurance benefits fell for the 23rd consecutive week, dropping 8 percent for the week ending Oct. 10 to 8,386. The four-week moving average for continued claims also fell by 8 percent – down from 10,314 for the week ending Oct. 3 to 9,533.

Initial claims for unemployment benefits totaled 3,519 for the week ending Oct. 10, increasing by 564 claims as the four-week moving average fell by just 1 percent to 3,227.

Continue reading →

Idaho’s Economy Recovering from COVID-19

Idaho was in its third longest period of economic expansion when COVID-19 reached the state and Gov. Brad Little proclaimed an emergency.

The economic shutdown that followed impacted the nation and Idaho full force in late March and in April as the state’s record low, 2.5 percent unemployment rate soared to a historic high of 11.8 percent.

After April’s COVID-19 economic shockwave, the economy gradually reopened from May through June as the Rebound Idaho Plan progressed through its four stages. Dramatic improvements to the state’s jobs and labor force statistics followed suit and by July had clearly emerged with one of the least affected economies by the pandemic in the nation.

Read the report on Idaho’s Rebound from Labor economists and analysts for more details on Idaho’s recovery since the record high unemployment in April.

Idaho’s Unemployment Continued Claims Decrease for 22 Consecutive Weeks

NEWS RELEASE

For Immediate Release: Oct. 8, 2020
Media Contact: Craig Shaul, Craig.Shaul@labor.idaho.gov or Salvador Vazquez, Salvador.Vazquez@labor.idaho.gov

Unemployment continued claims – the number of people who requested an unemployment benefit payment – continued to fall the week ending Oct. 3, dropping 8 percent from the previous week to 9,144, the 22nd consecutive week of declines.

The four-week moving average for continued claims fell 9 percent – from 11,284 for the week ending Sept. 26 to 10,314 for the week ending Oct. 3.

Initial claims for unemployment benefits totaled 2,955 for the week ending Oct. 3, dropping slightly by 40 claims, pushing the four-week moving average down by 6 percent to 3,265.

Continue reading →

Continued Claims for Idaho Unemployment Benefits Drop for 21st Consecutive Week

NEWS RELEASE

For Immediate Release: Oct. 1, 2020
Media Contact: Craig Shaul, Craig.Shaul@labor.idaho.gov or Salvador Vazquez, Salvador.Vazquez@labor.idaho.gov

The number of Idahoans submitting a continued claim for unemployment benefits continued to fall the week ending Sept. 26, dropping 8 percent from the previous week to 9,895.

The four-week moving average for continued claims also fell by 9 percent – from 12,416 for the week ending Sept. 19 to 11,284 for the week ending Sept. 26.

Initial claims for unemployment insurance benefits were also down, dropping 13 percent – or 442 claims – from the previous week to 2,995. The four-week moving average declined by 5 percent to 3,477 initial claims per week.

Continue reading →