According to U.S. Department of Labor data released Thursday, 19,186 new claims were filed in the state in the week ending Jan. 2, a week-over-week increase of 4,892 over the previous week’s 14,294 claims.
(The Center Square) – Wisconsin rang in the New Year with an uptick in new unemployment claims.
Nationwide, 77,400 more initial claims were filed the week ending Jan. 2, bringing the Dec. 26 new unemployment claims tally of 844,672 claims to 922,072 claims, a 9.2% week-over-week increase.
The DOL reported Wisconsin processed 103,469 total unemployment claims during the final week of 2020, an increase of 13,541 over the previous week’s 89,928 claims.
The DOL continued: “The advance unadjusted level of insured unemployment in state programs totaled 5,382,459, an increase of 145,444 (or 2.8 percent) from the preceding week. The seasonal factors had expected an increase of 271,437 (or 5.2 percent) from the previous week. A year earlier the rate was 1.5 percent and the volume was 2,147,170.”
The DOL also reported: “The advance unadjusted insured unemployment rate was 3.7 percent during the week ending December 26, an increase of 0.1 percentage point from the prior week.
According to the DOL, New York (+10,318), California (+10,071), Kentucky (+4,341), Missouri (+4,105), and New Jersey (+2,851) recognized the largest increases in initial claims for the week ending December 26, while the largest decreases were in Illinois (-34,568), Pennsylvania (-9,026), Georgia (-7,713), Kansas (-3,710), and Texas (-3,531).
By Bruce Walker | The Center Square
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Reposted with permission