4,644 initial unemployment claims were filed last week in Iowa, an increase of 356 (8.3%) from the previous week.
The number of Americans seeking unemployment benefits rose last week by the most in two months, to 898,000, a historically high number and evidence that layoffs remain a hindrance to the economy’s recovery from the pandemic recession.
4,006 initial claims for the week of Oct. 4-10 were by people who work and live in Iowa, while 638 by individuals who work in Iowa but live outside the state.
$12,938,979.30 in unemployment insurance benefits were paid out last week compared to $14,767,817.35 the previous week.
Continuing claims for the week were 46,577, a decrease of 4,983 (9.66%) from the previous week.
The following industries had the most claims, according to IWD:
- Manufacturing (860)
- Industry Not Available - Self-employed, Independent Contractors, etc (851)
- Health Care & Social Assistance (413)
- Construction (351)
- Accommodation & Food Services (292)
Additional data released for last week:
- $2,406,600 in Federal Pandemic Unemployment Compensation (FPUC) benefits paid, which were retroactive payments as the program ended July 25, 2020. Since April 4, 2020, a total of $1,613,886,343 in FPUC benefits have been paid.
- $3,924,327 paid out in Pandemic Unemployment Assistance (PUA) benefits. Since April 13, 2020, a total of $128,611,550.89 in PUA benefits have been paid.
- $7,593,615.97 in benefits paid in Pandemic Emergency Unemployment Compensation (PEUC). Since May 27, 2020, a total of $93,104,676.43 in PEUC benefits have been paid.
- $1,316,067.90 in benefits has been paid in State Extended Benefits. Since July 21, 2020, a total of $11,217,312.16 in Extended Benefits have been paid.