The amount of additional unemployment benefits provided to out-of-work Iowans through a federal program topped $1 billion last week, according to data released today by Iowa Workforce Development.
Since April 4, $1,055,653,200 has been paid to unemployed Iowans from the Federal Pandemic Unemployment Compensation fund, approved by Congress as part of a $2 trillion coronavirus relief package. The benefit provides unemployed workers with $600 a week in addition to state unemployment benefits.
The federal benefit is set to expire on July 31. Some in Congress are pushing for the program to be extended.
Iowans have also received $64.4 million in additional unemployment benefits from the federal Pandemic Unemployment Assistance fund, paid to self-employed workers and independent contractors. In addition, $18.2 million has been provided to unemployed workers through the federal Pandemic Emergency Unemployment Compensation fund established for those whose jobless benefits have expired.
Other highlights from today’s state unemployment report:
- 8,542 Iowans filed first-time unemployment claims during the week that ended on Saturday, a slight drop from the previous week. Also, 153,771 Iowans filed continuing claims last week.
- 1,961 people who worked in manufacturing filed first-time jobless claims. Since mid-March, 25%, or 63,663, of the newly jobless have been from the manufacturing sector. In addition, 21%, or 53,988, of first-time filers have been self-employed or independent contractors and 20%, or 49,522, have been from the accommodation and food services industries.
- $38 million in jobless benefits was paid out of the state’s unemployment compensation trust fund. Since mid-March, Iowa has paid out nearly $560.5 million in unemployment claims.
Nationally, 1.48 million new unemployment claims were filed during the week that ended on Saturday, down from the previous week when more than 1.5 million new claims were filed, according to the U.S. Department of Labor.
More than 19.5 million people received jobless benefits for the week ending June 13, the department reported. The advanced seasonally adjusted unemployment rate for the week ending June 13 was 13.4%. The continuing claims and unemployment rate lag by a week from initial claims filings.