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Unemployment Insurance decrease in May

Intelligent Economics > Blog > Unemployment Insurance decrease in May

The number of new unemployment insurance claims because of unemployment in the week of May 7-14 reached 1,157 claims; a 5% increase from the previous week. The total number of unemployment insurance claims that week was 13,190, including initial and continued claims. The total amount of claims had an increase of 3.94% when compared to the previous week. 

When comparing the data to the same week in the previous year, there was a -42.84% decrease in initial claims, and a -67.63% decrease in total claims. There was a large over-the-year decrease in the amount of insurance claims filed due to unemployment. 

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