The number of Iowans filing weekly unemployment claims continues to decline, with 46,577 claims filed last week, a nearly 10% drop from the previous week, Iowa Workforce Development reported today.
Additionally, the state agency reported that during the week that ended Saturday:
- 4,644 Iowans filed initial claims, a slight decline from the 4,730 first-time claims filed the previous week. Nearly 19% (860) of the new claims were from people who worked in manufacturing; 18% (851) were filed by independent contractors or those who are self-employed.
- $12.9 million in jobless benefits was paid out of the state’s unemployment compensation trust fund. Since mid-March, Iowa has paid out more than $950.3 million in unemployment claims.
- $2.4 million in Federal Pandemic Unemployment Compensation benefits was paid. The payments were retroactive because the program ended July 25. Since April 4, a total of $1,613,886,343 in benefits has been paid from the fund.
- $3.9 million in Pandemic Unemployment Assistance benefits was paid. Since April 13, $128.6 million has been paid from the fund.
- $7.5 million in Pandemic Emergency Unemployment Compensation benefits was paid. Since May 27, a total of $93.1 million in benefits has been paid from that fund.
- $1.3 million was paid in State Extended Benefits. Since July 21, $11.2 million has been paid in extended benefits.
New unemployment claims filed in week ending Oct. 10: 898,000
People continuing to receive jobless benefits for week ending Oct. 3: 10 million
Advanced seasonally adjusted unemployment rate for week ending Oct. 3: 6.8%
Note: The continuing claims and unemployment rate lag by a week from initial claims filings.
Source: U.S. Department of Labor