May 21, 2020

Initial Unemployment Claim Numbers Hold Steady, But Still Larger Than Usual

Original story from   IPBS-RJC

Article origination IPBS-RJC
Initial Unemployment Claim Numbers Hold Steady, But Still Larger Than Usual

Initial Unemployment Claim Numbers Hold Steady, But Still Larger Than Usual

After six weeks of steep declines, the number of people filing new claims for unemployment benefits in Indiana remained largely unchanged last week. That’s based on data released Thursday by the Department of Labor.

Last week, 30,311 Hoosiers applied for unemployment benefits. It’s only about 400 fewer people than the week before when 30,691 Hoosiers started claims.

That’s in contrast to previous weeks when the number of people applying for benefits dropped by more than 10,000. 

READ MORE: Indiana Moves Early To Next Reopening Stage; Gatherings Of 100 Allowed

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Experts say that even though many workplaces are being allowed to reopen, there’s still a significant drop in economic demand due to COVID-19. That might be exacerbated by new layoffs as paycheck protection loans run out for some businesses. 

Contact Justin at jhicks@wvpe.org or follow him on Twitter at @Hicks_JustinM.

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