The number of Iowans filing weekly unemployment claims continues to decline, with 42,254 filing claims last week, a 4.3% drop from the previous week, Iowa Workforce Development reported today. However, the number of claims filed by the newly unemployed continues to increase.

The state agency today reported that during the week that ended on Saturday:
• 4,964 Iowans filed initial claims, a 14% increase from the 4,351 first-time claims filed the previous week. About 25%, or 1,227,of the new claims were from people who worked in manufacturing; another 14%, or 693, were filed by people who work in construction.
• $10.4 million in jobless benefits was paid out of the state’s unemployment compensation trust fund. Since mid-March, Iowa has paid out more than $983.9 million in unemployment claims.
• $1.6 million was paid in Federal Pandemic Unemployment Compensation benefits, which were retroactive payments as the program ended July 25. Since April 4, a total of $1,618,468,933 in benefits has been paid from the fund.
• $3.5 million was paid in Pandemic Unemployment Assistance benefits. Since April 13, $139.6 million has been paid from the fund.
• $8 million in Pandemic Emergency Unemployment Compensation benefits was paid. Since May 27, a total of $117 million in benefits has been paid from that fund.
• $1.5 million was paid in State Extended Benefits. Since July 21, $15.7 million has been paid in extended benefits.

National data
New unemployment claims filed week ending Oct. 31:
 751,000
People continuing to receive jobless benefits for week ending Oct. 24: 7.2 million
Advanced seasonally adjusted unemployment rate for week ending Oct. 24: 5%

Note: The continuing claims and unemployment rate lag by a week from initial claims filings.
Source: U.S. Department of Labor