Category Archives: COVID-19

Idaho’s Economy Leads Recovery from Coronavirus

As of October, Idaho has recovered faster than most other states from the sudden, enormous economic losses caused by the coronavirus shutdowns in March and April. Idaho’s long-term population and economic growth gives it strong upward economic momentum. In addition, the shutdowns in the state at that time did not as severely restrict economic activity as it did in many other states.

Despite Idaho’s relative success, it’s not back to normal, and 26,400 more Idahoans were unemployed in October than in February, according to seasonally adjusted labor force statistics from the Idaho Department of Labor. In the uncertain atmosphere caused by COVID-19 and a global economic slowdown, it’s likely that restoring all the jobs lost during the pandemic will take several months. Continue reading

Idaho’s Unemployment Continued Claims Increase 3 Percent

NEWS RELEASE

For Immediate Release: Dec. 3, 2020
Media Contacts: 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 regular state unemployment insurance benefits increased 3 percent for the week ending Nov. 28 to 9,245, up 452 more than the previous week. The four-week moving average for continued claims increased from 8,343 for the week ending Nov. 21 to 8,623.

Initial claims for unemployment benefits totaled 3,991 for the week ending Nov. 28, down by 741 claims, while the four-week moving average increased by less than a percent to 4,698.

An increase in initial claims and continued claims for regular state benefits is normal for November, December and January due to the ongoing seasonality of Idaho’s economy. Claims related to COVID-19 may disrupt or exacerbate this normal seasonal pattern.

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Continued Claims for Unemployment Benefits Increase Slightly

NEWS RELEASE

For Immediate Release: Nov. 19, 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 regular state unemployment insurance benefits increased two percent for the week ending Nov. 14 to 8,310, up 167 more than the previous week. The four-week moving average for continued claims increased slightly – from 8,127 for the week ending Nov. 7 to 8,150.

Initial claims for unemployment benefits totaled 5,060 for the week ending Nov. 14, up by 52 claims, while the four-week moving average increased by 11 percent to 4,462.

An increase in initial claims and continued claims for regular state benefits is normal for November, December and January due to the ongoing seasonality of Idaho’s economy. Claims related to COVID-19 may disrupt or exacerbate this normal seasonal pattern.

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Idaho’s Unemployment Continued Claims Hold Steady

NEWS RELEASE

For Immediate Release: Nov. 13, 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 was unchanged for the week ending Nov. 7 with 8,143, only 19 more than the previous week. The four-week moving average for continued claims decreased slightly – from 8,187 for the week ending Oct. 31 to 8,127.

Initial claims for unemployment benefits totaled 5,008 for the week ending Nov. 7, increasing by 1,089 claims, while the four-week moving average was up by 10 percent to 4,021.

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Idaho’s Unemployment Continued Claims Tick Up Slightly

NEWS RELEASE

For Immediate Release: Nov. 5, 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 increased 1 percent for the week ending Oct. 31 to 8,124, ending 25 consecutive weeks of declines. The four-week moving average for continued claims fell by 3 percent – down from 8,442 for the week ending Oct. 24 to 8,187.

Initial claims for unemployment benefits totaled 3,919 for the week ending Oct. 31, increasing by 57 claims while the four-week moving average was up by 7 percent to 3,648.

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Idaho’s Unemployment Continued Claims Decrease for 25th Consecutive Week

NEWS RELEASE

For Immediate Release: Oct. 29, 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 25th consecutive week, dropping 2 percent for the week ending Oct. 24 to 8,024. The four-week moving average for continued claims fell by 5 percent – down from 8,910 for the week ending Oct. 17 to 8,442.

Initial claims for unemployment benefits totaled 3,862 for the week ending Oct. 24, increasing by 569 claims while the four-week moving average was up by 7 percent to 3,407.

The department paid out $6 million in claims during the week ending Oct. 24, up from $5.8 million for the week ending Oct 17. Regular state benefit payouts were $1.8 million, the same as the previous week, but 2.1 times higher than the same week in 2019. Of the CARES Act programs, Pandemic Emergency Unemployment Compensation (PEUC) payments paid out $1.6 million, the Pandemic Unemployment Assistance (PUA) paid out $2.3 million, up from $2.1 million the previous week, and Federal Pandemic Unemployment Compensation (FPUC) paid out $.3 million, up $.1 million.

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Unemployment Insurance Identity Fraud Frequently Asked Questions

Question: Are unemployment insurance applications being filed by people who have stolen someone’s identity?

Answer: Yes. Crime rings across the globe are exploiting the COVID-19 crisis by attempting to commit large scale fraud against multiple state unemployment insurance programs. These crime rings possess substantial databases of stolen personally identifiable information which is used to submit a large volume of applications for unemployment benefits. Scammers use the names and addresses of Idaho residents, but then have payments sent to bank accounts in other states or have bank cards mailed to different addresses. The department is working closely with federal law enforcement agencies and the U.S. Department of Labor Office of Inspector General to address fraud.

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Idaho’s Unemployment Continued Claims Decrease for 24th Consecutive Week

NEWS RELEASE

For Immediate Release: Oct. 22, 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 24th consecutive week, dropping 2 percent for the week ending Oct. 17 to 8,215. The four-week moving average for continued claims fell by 7 percent – down from 9,533 for the week ending Oct. 10 to 8,910.

Initial claims for unemployment benefits totaled 3,293 for the week ending Oct. 17, decreasing by 226 claims while the four-week moving average fell by just 1 percent to 3,191.

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Around Idaho: Economic Activity in September 2020

Information provided in these news updates is from professional sources, news releases, weekly and daily newspapers, television and other media.

Northern Idaho
North Central Idaho
Southwestern Idaho
South Central Idaho
Southeastern Idaho
Eastern Idaho

 

NORTHERN IDAHO – Benewah, Bonner, Boundary, Kootenai & Shoshone Counties

  • Kootenai County
    • Fatbeam LLC – a Coeur d’Alene-based fiber provider – is introducing a new product called Cloudbeam, which will allow its customers to connect securely to cloud services. Cloudbeam will function as Fatbeam’s proprietary alternative to VPN (virtual private network) services. Source: Journal of Business
    • Engel & Volkers, a German-based international luxury real estate brokerage, has opened an office in Coeur d’Alene with plans for a Sandpoint office in 2021. Source: Journal of Business
    • Quest Integration Inc., a Post Falls technology firm providing support for the manufacture and design of 3D printers, has been acquired by Hawk Ridge Systems, a California-based manufacturer of 3D printing systems. Quest will continue to operate under that name during the integration process but will eventually operate under the Hawk Ridge name. Source: Journal of Business

     

Openings – Coeur d’Alene

  • Mangia Wood Fired Pizza
  • Hasani Coffee
  • Bou Cou, dancewear and fitness wear
  • Rokko’s Teriyaki & BBQ
  • Izzy’s Comfort Kitchen
  • Everlong Studio, a photography studio
  • Bjorkman Film & Video
  • Spirit Halloween
  • Roger’s Ice Cream & Burgers

Openings – Post Falls

  • Unlimited Health Chiropractic
  • Teton House

Openings – Hayden

  • Edward Jones Investments

Sam.Wolkenhauer@labor.idaho.gov, regional economist
Idaho Department of Labor
(208) 457-8789 ext. 4451

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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.

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