Tag Archives: COVID-19

Idaho’s Unemployment Continued Claims Increase 2 Percent

NEWS RELEASE

For Immediate Release: Nov. 27, 2020
Media Contacts: Darlene Carnopis, Darlene.Carnopis@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 2 percent for the week ending Nov. 21 to 8,793, up 483 more than the previous week. The four-week moving average for continued claims increased from 8,150 for the week ending Nov. 14 to 8,343.

Initial claims for unemployment benefits totaled 4,732 for the week ending Nov. 21, down by 328 claims, while the four-week moving average increased by 5 percent to 4,680.

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 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 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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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 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.

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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.

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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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