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Nevada Department of Unemployment reports slight decline in claims

Posted at 8:44 AM, Jun 12, 2020
and last updated 2020-06-12 12:58:27-04

Finalized data from the Nevada Department of Employment, Training and Rehabilitation (DETR) show initial claims for unemployment insurance (UI) totaled 10,748 for the week ending June 6, down 589 claims, or 5.2 percent compared to last week’s total of 11,337.

This is the sixth consecutive week of declines in regular initial claims. Through the week ending June 6, there have been 517,925 initial claims filed in 2020, 496,273 of which have come in the last thirteen weeks.

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Continued claims, which represent the current number of insured unemployed workers filing weekly for unemployment insurance benefits, fell to 334,182. This is a slight decline from the previous week of 861 claims, or 0.3 percent.

The state’s insured unemployment rate, which is the ratio of continued claims in a week to the total number of jobs covered by the unemployment insurance system (also known as covered employment), saw little change at 24.2 percent in the week, a decrease of 0.1 percentage points. It should be noted that the calculation of the insured unemployment rate is different from that of the state’s total unemployment rate.

The Pandemic Unemployment Assistance (PUA) program for the self-employed, 1099 contract workers, and gig workers saw 16,201 initial claims filed in the week, a decline from last week’s total of 18,700. A total of 224,574 PUA continued claims were filed in the week, though it should be noted that this figure includes multiple weeks of claims. Nevada’s Pandemic Emergency Unemployment Compensation (PEUC) program, which provides up to 13 weeks of benefits to individuals who have exhausted their regular unemployment benefits, saw 6,681 claims filed in the week.

Nationally, the advance figure for seasonally adjusted regular initial claims was 1,542,000 a decline of 355,000 claims from the previous week's revised level of 1,877,000. The national insured unemployment rate for the week ending May 30 was 14.4 percent, an increase of 0.2 percentage points from the previous week. The national rate is reported with a one-week lag.