Category Archives: COVID-19

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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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 Weekly Unemployment Initial Claims Fall 4 Percent from Previous Week

NEWS RELEASE

For Immediate Release: Sept. 17, 2020
Media Contact: Craig Shaul, Craig.Shaul@labor.idaho.gov or Salvador Vazquez, Salvador.Vazquez@labor.idaho.gov

Initial claims for unemployment insurance benefits totaled 3,672 for the week ending Sept. 12, dropping by 4 percent – or 132 claims – from the previous week.

The four-week moving average held steady at 3,739 new initial claims per week.

Continued claims – the number of people who requested a benefit payment – continued to fall, dropping 12 percent from the previous week to 11,510, the 19th consecutive week of declines. The four-week moving average for continued claims also fell 12 percent – from 15,658 for the week ending Sept. 5 to 13,842 for the week ending Sept. 12.

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Idaho’s Weekly Unemployment Initial Claims Rise 3 Percent over Previous Week

NEWS RELEASE

For Immediate Release: Sept. 10, 2020
Media Contact: Craig Shaul, Craig.Shaul@labor.idaho.gov or Salvador Vazquez, Salvador.Vazquez@labor.idaho.gov

New initial claims for unemployment insurance benefits totaled 3,804 for the week ending Sept. 5, increasing 3 percent – or 118 claims – from the previous week.

The four-week moving average increased by 4 percent to 3,732 new initial claims per week.
Continued claims – the number of people who requested a benefit payment – dropped by 10 percent from the previous week to 13,021, the 18th consecutive week of declines. The four-week moving average for continued claims also fell 10 percent – from 17,468 for the week ending Aug. 29 to 15,658 for the week ending Sept. 5.

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Idaho’s Weekly Unemployment Initial Claims Fall 3 Percent from Previous Week

NEWS RELEASE

For Immediate Release: Sept. 3, 2020
Media Contact: Craig Shaul, Craig.Shaul@labor.idaho.gov or Salvador Vazquez, Salvador.Vazquez@labor.idaho.gov

New initial claims for unemployment insurance benefits totaled 3,686 for the week ending Aug. 29, decreasing 3 percent – or 108 claims – from the previous week.

The four-week moving average increased by 1 percent to 3,594 new initial claims per week.

Continued claims – the number of people who requested a benefit payment – dropped by 12 percent from the previous week to 14,423, the 17th consecutive week of declines. The four-week moving average for continued claims fell 14 percent – from 20,205 for the week ending Aug. 22 to 17,468 for the week ending Aug. 29.

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Idaho’s Weekly Unemployment Initial Claims Increase 4 Percent from Previous Week

NEWS RELEASE

For Immediate Release: Aug. 27, 2020
Media Contact: Craig Shaul, Craig.Shaul@labor.idaho.gov or Salvador Vazquez, Salvador.Vazquez@labor.idaho.gov

New initial claims for unemployment insurance benefits totaled 3,794 for the week ending Aug. 22, increasing 4 percent – or 150 claims – from the previous week.

The four-week moving average decreased by 6 percent to 3,574 new initial claims per week.

Continued claims – the number of people who requested a benefit payment – dropped by 13 percent from the previous week to 16,414, the 16th consecutive week of declines. The four-week moving average for continued claims fell 11 percent – from 22,712 for the week ending Aug. 15 to 20,205 for the week ending Aug. 22.

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Supplementary Economic Indicators Offer Insight During COVID

In economics, it can often seem that nothing happens for years at a time, only for years’ worth of change to happen all at once. The economy, in other words, can seem stable – or even boring – until suddenly it is not. In Idaho, for example, the changes in total nonfarm employment in April, May and June 2020 exceeded (in absolute terms) all the changes that occurred from 2015 to the end of 2019. Owing to the pandemic shock of COVID-19, three months saw more volatility in Idaho’s labor market than the preceding four years.

When economic events gain velocity, especially in the face of a serious recession, a variety of labor market indicators take on new importance, especially those updated monthly or even weekly, rather than quarterly or annually. Several labor market indicators can add to a real time understanding of economic conditions as a supplement to the Department of Labor’s headline statistics like unemployment rates and nonfarm employment numbers.

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