Tag Archives: coronavirus

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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Idaho’s Weekly Unemployment Initial Claims Decrease 10 Percent from Previous Week

NEWS RELEASE

For Immediate Release: Aug. 13, 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 3,250 for the week ending Aug. 8, decreasing 10 percent – or 357 claims – from the previous week.

The four-week moving average fell 11 percent to 4,312 new initial claims per week.

Continued claims – the number of people who requested a benefit payment – dropped by 4 percent from the previous week to 20,263, the 14th consecutive week of declines. The four-week moving average for continued claims fell 8 percent – from 27,051 for the week ending Aug. 1 to 24,925 for the week ending Aug. 8.

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Idaho’s Weekly Initial Claims Decrease 17 Percent from Previous Week

NEWS RELEASE

For Immediate Release: July 30, 2020
Media Contact: Salvador Vazquez, Salvador.Vazquez@labor.idaho.gov or Darlene Carnopis, darlene.carnopis@labor.idaho.gov

New initial claims for unemployment insurance benefits totaled 4,703 for the week ending July 25, decreasing 17 percent – or 984 claims – from the previous week.

The four-week moving average fell 3 percent to an average of 5,193 new initial claims per week.

Continued claims – the number of people who requested a benefit payment – dropped by 4 percent from the previous week to 26,445, the 12th consecutive week of declines. The four-week moving average for continued claims also fell 4 percent from 29,091 for the week ending July 18 to 27,981 for the week ending July 25.

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COVID-19 Impacts Idaho’s Older Workers

The 416,000 Idahoans who are in their 50s and 60s face many challenges because of the coronavirus economic impact.

Loss of business income. The COVID-19 pandemic has greatly reduced revenues of many Idaho businesses. It also is likely to lead to the permanent closure of some businesses, especially restaurants, entertainment operations, lodging and retail stores. Since older adults are more likely to run their own businesses, they are disproportionately impacted. According to the Bureau of Labor Statistics, about 24 percent of American workers 65 years and older are self-employed, while 15 percent of workers 55 to 64 years are self-employed. In comparison, 8 percent of workers under 55 are self-employed.

Joblessness. About 16 percent of Idaho’s 162,000 payroll workers 55 years and over filed new unemployment insurance claims between March 15 and June 13. Some returned to work within a month, but others experienced two or three months of joblessness.

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

NEWS RELEASE

For Immediate Release: July 23, 2020
Media Contact: Craig.Shaul, craig.shaul@labor.idaho.gov or Darlene Carnopis, darlene.carnopis@labor.idaho.gov

New initial claims for unemployment insurance benefits totaled 5,687 for the week ending July 18, increasing 4 percent – or 229 claims – from the previous week.

The four-week moving average rose 7 percent to an average of 5,372 new initial claims per week.

Continued claims – the number of people who requested a benefit payment – dropped by 4 percent from the previous week to 27,622, the 11th consecutive week of declines. The four-week moving average for continued claims also fell 5 percent from 30,451 for the week ending July 11 to 29,091 for the week ending July 18.

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Idaho Labor Clears Unemployment Pending Claims Backlog

NEWS RELEASE

For Immediate Release: July 22, 2020
Media Contact: Darlene Carnopis, darlene.carnopis@labor.idaho.gov

Record Number of Initial Claims Continues to be Filed

The Idaho Department of Labor has cleared the 42,000 unemployment insurance claims that had been pending as of June 6. Issues that remain now are more complicated – such as working to prevent identity theft – and await additional information from claimants or previous employers. 

Unemployment staff continue to work on processing the high volume of claims being filed. A higher percentage of new claims are being filed each week than ever before. Approximately 3,800 claims were filed each week on average in 2009 – the height of Great Recession. Currently, the four-week average is approximately 5,000 claims.  Continue reading

$600 Federal Unemployment Benefit to End July 25

News Release

For Immediate Release: July 16, 2020
Media Contact: Georgia Smith, georgia.smith@labor.idaho.gov or Darlene Carnopis, darlene.carnopis@labor.idaho.gov

The extra $600 per week currently provided to Idaho unemployment insurance claimants through the Federal Pandemic Unemployment Compensation (FPUC) program ends July 25.

Under federal guidelines, the week ending July 25 is the final claim week for the FPUC program, however eligible claimants who are waiting on back pay will receive those payments after that date.

Other unemployment programs under the CARES Act will continue. Details on those programs and their deadlines can be found at labor.idaho.gov/Covid19. Continue reading

Idaho’s Weekly Initial Claims Increase 11 Percent from Previous Week

News Release

For Immediate Release: July 16, 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 5,458 for the week ending July 11, increasing 11 percent – or 534 claims – from the previous week.

The four-week moving average rose 10 percent to an average of 5,021 new initial claims per week.

Continued claims – the number of people who requested a benefit payment – dropped by 6 percent from the previous week to 28,766, the 10th consecutive week of declines. The four-week moving average for continued claims also fell 6 percent from 32,450 for the week ending July 4 to 30,451 for the week ending July 11.

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