During the week of Oct. 4-10, a total of 382 initial weekly claims for state unemployment benefits were processed by the South Dakota Department of Labor and Regulation. This is a decrease of 62 claims from the prior week’s total of 444.
The latest number of continued state claims is 5,389 for the week ending Oct. 3, an increase of 311 from the prior week’s total of 5,078. This indicates the number of unemployed workers eligible for and receiving benefits after their initial claim.
A total of $907,000 was paid out in state benefits, in addition to $772,000 in Federal Pandemic Unemployment Compensation (FPUC), $498,000 in Pandemic Unemployment Assistance (PUA) and $131,000 in Pandemic Emergency Unemployment Compensation (PEUC) benefits.
The Unemployment Insurance Trust Fund balance was $119.2 million on Oct. 11.
Benefits paid since March 16:
- Regular State = $84.4 million
- FPUC = $206.8 million
- PUA = $15.1 million
- PEUC = $2.0 million
Total = Approximately $308.3 million
WASHINGTON (AP) — The number of Americans seeking unemployment benefits rose last week to 898,000, a historically high number that is evidence that layoffs remain a hindrance to the economy’s recovery from the pandemic recession that erupted seven months ago. Thursday’s report from the Labor Department shows that the job market remains fragile, and it coincides with other recent data that have signaled a slowdown in hiring. The economy is still roughly 10.7 million jobs short of recovering all the 22 million jobs that were lost when the pandemic struck in early spring.
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