28K initial jobless claims last week

Perth Amboy Unemployment Office

Continued unemployment claims represent anyone who's filed for benefits a few times, so ODJFS has said they indicate whether people are going back to work after coronavirus shutdowns.

The four-week rolling average also decreased, falling by 3% to 5,193 new initial claims a week. A Yahoo Finance review of jobless claims data from the U.S. Department of Labor shows that Alaska, Oklahoma, Georgia, Mississippi and California have seen the weakest signs of return to normal and a bottoming out in job losses. Workers will no longer collect the benefit unless Congress agrees to it in the next relief package.

Maryland's Department of Labor on Thursday said unemployment benefits would be extended 13 weeks. "We also experienced a notable change this week, as the additional $600 in federal benefits expired on July 25".

Earlier on Thursday, the United States economy reported its worst-ever quarter in American history, shrinking by 32.9 percent between April and June, according to the U.S. Bureau of Economic Analyses. The previous worst quarterly contraction, 10 percent, occurred in 1958.

There were 1,570 new pandemic unemployment assistance claims filed compared to 1,496 the prior week.

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The number of continuing weekly unemployment claims for this week was 110,960 which was a decrease in 4,970 from the previous week.

Unemployment was highest for the week ending July 11 in Puerto Rico, Nevada, Hawaii, Louisiana and NY.

Extensions would only apply to approved beneficiaries who've already completed their 26 weeks of regular unemployment benefits and 13 weeks of Pandemic Emergency Unemployment Compensation (PEUC).

Roughly 1.2 million benefits have been claimed, and 96 percent of them have received at least one payment, which still comes out to roughly 50,000 New Jerseyans who have not gotten a single payment. The federal government set up the PUA program for self-employed workers and independent contractors who do not qualify for traditional unemployment benefits.

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