Business

Iowa sees fewest unemployment claims since March

Continuing claims drop by almost 18,000 in week of July 12

Job seekers wait in line to speak with representatives. (Bloomberg)
Job seekers wait in line to speak with representatives. (Bloomberg)

Iowans filed for more than 126,000 unemployment claims between July 12 and July 18, Iowa Workforce Development said Thursday morning, marking the fewest total claims in the state since the week of March 22.

New totals accounted for 9,505 claims, a decrease from 10,653 the previous week.

Continuing claims accounted for 116,810, a decline from 134,284 the previous week.

“While one week is not a trend, it is the biggest decline in continuing claims we have had in a single week since the beginning of the pandemic,” Beth Townsend, director of Iowa Workforce Development, said in a statement.

“We hope we continue to see similar declines in coming weeks as more and more Iowans return to work.”

Manufacturing remains the largest source of claims with 2,085, followed by self-employed and independent contractors (1,703), health care and social assistance (864), retail trade (599), and accommodation and food services (596).

Thursday’s announcement marks the fewest claims in manufacturing since the week of June 14.

The claims resulted in $31.8 million in standard unemployment benefits, $85.6 million in Federal Pandemic Unemployment Compensation, $5.9 million in Pandemic Unemployment Assistance and $3.5 million in Pandemic Emergency Unemployment Compensation.

The FPUC benefits expire this week, meaning Iowans no longer will receive the additional $600 per week in federal benefits. So far, the federal government has issued $1.4 billion in FPUC payouts to Iowans.

The drop in Iowa’s unemployment claims came as national initial claims increased to 1.4 million last week, snapping a streak of 15 weeks with initial claims decreasing.

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These numbers only show who is actively seeking work and therefore do not give a full accounting of how many people are out of work.

Comments: (319) 398-8394; john.steppe@thegazette.com

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