The number of Floridians who filed new unemployment claims last week remained nearly unchanged from the previous week, suggesting some stabilization in job losses as Florida businesses have started reopening after being closed to stop the spread of the new coronavirus, according to labor figures released Thursday.
During the ending in May 16, Tennessee paid almost $359 million in unemployment benefits to more than 319,000 people.
This means that there were 29,446 individuals, who both live and work in the state of SC, filed an initial claim during the claim week, May 10-16.
If an applicant is in the middle of receiving normal unemployment relief, then they will not receive relief under a PEUC claim.
The CDLE will release its monthly employment report detailing the April unemployment rate and other details Friday morning.
About 1.1 million workers in the state filed new unemployment claims since March 15.
"As states begin to reopen, and as we've had this staggered reopening across different states, we will be looking at how that reopening is impacting the pace of improvement in claims", Luzzetti said. The number of residents filing initial unemployment claims has fallen steadily since early April. In the past nine weeks, 1.2 million Ohioans have filed initial jobless claims.
Washington state has had its own troubles. That's down from about 45,000 claims in the previous week.
"Net, net, the states may be opening back up, but the labor market is still closed for millions across America and the loss of the income and spending of those without jobs will be a considerable headwind for this economic recovery", said Chris Rupkey, chief financial economist at MUFG Union Bank.
The unemployment rate increased by 7.3% in April to reach 11.9%, an all-time high. The increase was due largely to big unadjusted spikes in California and Florida, and the California rise owes in part to a biweekly filing cycle for aid recipients. They were up by 1.33 million claims or 6,353% from April 2019.
A masked worker at this state WIN job center holds an unemployment benefit application form as she waits for a client in Pearl, Miss., on April 21, 2020.
Continuing claims surged 2.525 million to a record 25.073 million in the week ending May 9.
Errors and differing state reporting methods aside, some economists are looking to the raw numbers for a more accurate read on applications amid challenges with the federal agency's seasonal adjustment process.