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* AP…
Roughly 2.1 million people applied for U.S. unemployment benefits last week, a sign that companies are still slashing jobs in the face of a deep recession even as more businesses reopen and rehire some laid-off employees.
About 41 million people have now applied for aid since the virus outbreak intensified in March, though not all of them are still unemployed. The Labor Department’s report Thursday includes a count of all the people now receiving unemployment aid: 21 million. That is a rough measure of the number of unemployed Americans. […]
In Illinois, 58,359 people filed for first-time claims for unemployment benefits last week, down from the 72,780 filings a week earlier. Since mid-March, nearly 1.1 million Illinoisans have filed for jobless benefits.
First-time applications for unemployment aid, though still high by historical standards, have now fallen for eight straight weeks. In addition to those who applied last week, an additional 1.2 million applied under a new program for self-employed and gig workers, who are eligible for jobless aid for the first time. These figures aren’t adjusted for seasonal variations, so the government doesn’t include them in the overall data.
*** UPDATE *** IDES…
The Illinois Department of Employment Security (IDES) today released new statewide data showing the department processed 58,263 new initial claims for regular unemployment benefits during the week ending May 23. The department has now processed 1,302,154 claims for unemployment benefits from March 1 through May 23. This amount is nearly 12 times the number of claims the department processed over the same period last year, when IDES processed just 102,000 claims for regular unemployment benefits.
The Pandemic Unemployment Assistance (PUA) program has processed 88,965 initial claims in its two weeks. PUA provides 100% federally-funded unemployment benefits for individuals who are unemployed for specified COVID-19-related reasons and are not eligible for the state’s regular unemployment insurance program, the extended benefit (EB) program under Illinois law, or the Pandemic Emergency Unemployment Compensation program (PEUC), including independent contractors and sole-proprietors. Up to 39 weeks’ worth of benefits are potentially available under the program for COVID-19-related unemployment claims.
IDES processed 39,414 Pandemic Emergency Unemployment Compensation claims (PEUC), which provides up to 13 weeks’ worth of 100% federally funded benefits to individuals who have exhausted their regular state unemployment benefits. PEUC is potentially available for weeks beginning on or after March 29, 2020 and continuing through the week ending December 26, 2020.
posted by Rich Miller
Thursday, May 28, 20 @ 11:07 am
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Previous Post: Poll finds support for Clean Energy Jobs Act, Pritzker approval 56-40, State legislative Democrats more popular than Trump
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Capt Math
Does this mean that about 50% are back to work in America?
Comment by Annonin Thursday, May 28, 20 @ 11:29 am
if not for the Herculaneun efforts of this governor and his administration, these numbers would undoubtedly been significantly higher.
Comment by Blue Dog Dem Thursday, May 28, 20 @ 11:30 am
If given a second term, I would think President Trump could easily double that number.
Comment by Moe Berg Thursday, May 28, 20 @ 11:32 am
I have many colleagues in the IT world who are still employed but have been furloughed at some point. Others lost their employer 401k match for the year. Some both.
Comment by City Zen Thursday, May 28, 20 @ 11:54 am
And the billionaires over at Goldman Sachs rush out an arrogant, Aristocratic, French Revolution sparking claim that “Fatter unemployment checks are hurting the COVID-19 economic recovery” https://finance.yahoo.com/news/fatter-unemployment-check-are-hurting-the-covid-19-economic-recovery-top-strategist-170003331.html
Comment by Robespierre Thursday, May 28, 20 @ 11:55 am
==And the billionaires over at Goldman Sachs==
I missed reading their outrage about 16,000 Hertz employees being let go…while their CEO pocketed his $9 million.
Comment by Jocko Thursday, May 28, 20 @ 12:24 pm
The “extra” the feds kicked in hopefully along with the PPP loans will smooth things over for 3-4 months so we can be ready to start back up here in Phase 3, and 4 one day!
Comment by 44th Thursday, May 28, 20 @ 2:31 pm