Tennessee initial and continuing unemployment claims continue to fall

Another 860,000 Americans filed for unemployment aid last week

Another 860,000 Americans filed for unemployment aid last week

Between mid-August and the first week of September, applications for Pandemic Unemployment Assistance - a federal relief program intended for self-employed workers and independent contractors - doubled in California to more than 524,000, far above claim levels when the federal program first launched in April, the state's Employment Development Department said Thursday. Altogether, 1.45 million people filed claims last week. Weekly claims have improved since mid-August, when they briefly inched higher.

Unemployment has disproportionately affected low-wage workers, who are typically renters, limiting the hit from the pandemic on the housing market.

You can file for unemployment online, here or here.

The report listed 860,000 new claims for the week ending September 12, a decrease of 33,000 from the previous week.

The number of Americans filing for first-time unemployment aid fell to 860,000 last week, according to the Department of Labor.

Unadjusted claims dropped 75,974 to 790,021 last week. The total number of people claiming benefits in all programs - state and federal combined - for the week ending August 29, however, increased 98,456 to 29.8 million, signaling a continued significant disruption in the labour market. However, more than 500,000 people are still collecting regular state unemployment checks.

Information on new federal pandemic unemployment programs can be found, here.

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"Initial jobless claims fell last week for both regular and pandemic programs, hinting at some improvement in labor conditions", Sarah House and Tim Quinlan, senior economists at Wells Fargo Securities, wrote in an analysis.

Some experts say there are fewer folks collecting benefits than the number listed in the report.

Part of the problem is that it took time to set up the new system and many of those eligible may not have initially realized they could apply.

Errors can skew economists' outlook for the labor market because claims data are used to look for signs of distress in the job market and any recovery, along with details at the state level. "And it's not necessarily the claims for that particular week". Labor quickly detected, reported, and blocked this fraudulent out-of-state claim activity, saving taxpayers hundreds of millions of dollars.

The state recently revised its certification process for claimants in the pandemic program and stepped up its efforts to combat fraud.

However, although U.S. initial jobless claims had declined substantially since hitting an all-time high on late-march and the economy appears to have regained some of its traction over the recent months, though a labour market recovery had slowed down dramatically over the recent weeks as pandemic relief aids had run out and the United States economy has still been falling short of at least half of the jobs lost during March and April.

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