During the week of May 23-29, a total of 232 initial weekly claims for state unemployment benefits were processed by the Department of Labor and Regulation. This is the same number of claims from the prior week’s total of 232.
The latest number of continued state claims is 2,141 for the week ending May 22, a decrease of 342 from the prior week’s total of 2,483. This indicates the number of unemployed workers eligible for and receiving benefits after their initial claim.
For the week ending May 29, a total of $348,000 was paid out in state benefits, in addition to $786,000 in Federal Pandemic Unemployment Compensation (FPUC), $91,000 in Pandemic Unemployment Assistance (PUA) and $299,000 in Pandemic Emergency Unemployment Compensation (PEUC) benefits.
The Unemployment Insurance Trust Fund balance was $161.1 million on May 30.
Benefits paid since March 16, 2020:
- Regular State = $114.2 million
- FPUC = $235.8 million
- PUA = $20.6 million
- PEUC = $10.2 million
Total = Approximately $380.9 million
Nationally,
WASHINGTON (AP) — The number of Americans seeking unemployment benefits fell last week for a fifth straight week to a new pandemic low, the latest evidence that the U.S. job market is regaining its health as the economy further reopens. Jobless claims dropped to 385,000, down 20,000 from the week before. The number of applications for unemployment aid, which generally reflects the pace of layoffs, has fallen steadily all year. The decline reflects a swift rebound in economic growth and the job market’s steady recovery from the coronavirus recession. More Americans are venturing out to shop, travel, dine out and congregate at entertainment venues. All that renewed spending has led companies to seek new workers.
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