DES MOINES, Iowa - Weekly Jobless claims for Iowa out Thursday show some positive signs.
The ongoing weekly claims, which reflect the actual unemployment rate, are down by 13 percent...
That's among the biggest drops in ongoing claims since Iowa started its employment recovery from the COVID-19 pandemic.
First time weekly jobless claims are also down.
By the numbers, continuing claims are down by 17,474 in the last week, from 134,284 in the previous week to 116,810 is the latest week, a drop of 13 percent.
By comparison, ongoing claims peaked in the first week of May at 191,257. The current numbers show a drop of nearly 30 percent from the high mark.
First time jobless claims were down by a 1,148, from 10,653 to 9,505 in the most recent week. The U.S. Department of Labor adjusted previous week’s initial claim number down to 10,653 (a decrease of 472).
Unemployment insurance benefit payments totaled $31,755,710.09 in the last week, up from $33,351,310.81 in the prior week.
The following industries had the most claims:
- Manufacturing (2,085)
- Industry Not Available - Self-employed, Independent Contractors, etc. (1,703)
- Health Care & Social Assistance (864)
- Retail Trade (599)
- Accommodation & Food Services (596)