Iowa weekly unemployment claims continue gradual decrease in last week of July

Andrew Cummings
August 6, 2020

Most economists expected about 1.4 million new claims.

Workers filing for first-time jobless benefits dropped in the latest week to 1.19 million, well below what analysts had been expecting, and applications for pandemic assistance also fell, the Labor Department reported Thursday.

The number of individuals who have not requested a benefit for two consecutive weeks as of July 25, 2020 was 4,563. That was a decrease of more than 5,000 from the previous week and the fewest total claims since the week of March 28.

The Federal Pandemic Unemployment Compensation program, which provided the additional $600 weekly, paid $187 million to the unemployed in South Dakota.

During the week of July 26 through August 1, a total of 731 initial weekly claims for state unemployment benefits were processed by the department, a decrease of 77 claims from the prior week's total of 808. This does not result in ineligibility, however to remain on the benefit all claimants will be required to register for work as well as make and report at least four job contacts each week they are requesting the unemployment benefit.

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