Unemployment Insurance Claims in the USA
For the week ending June 24, the number of new applications for U.S. unemployment insurance claims decreased by 26,000 to a seasonally adjusted 239,000. The number of unemployment insurance claims from the previous week increased by 1,000 to 265,000. By 1,500 over the previous week’s revised average on unemployment insurance claims, the four-week moving average as of June 24 increased to 257,500.
For the week ending June 17, continuing unemployment insurance claims decreased by 19,000 from the previous week’s revised figure to a seasonally adjusted 1.742 million, which represents the number of unemployed workers who applied for benefits at least two weeks ago and are currently receiving the unemployment insurance claims. For ongoing claims, reporting takes one week longer.
A joint federal-state program known as unemployment insurance claims offer eligible laid-off workers temporary financial compensation while they look for new jobs. While they look for a fresh job, eligible people get weekly cash benefits or unemployment insurance claims equal to a proportion of their lost salary as unemployment benefits.
The general management of state unemployment insurance systems is under the authority of the federal government. The specifics of respective unemployment insurance plans, like eligibility standards and compensation durations, are under the state’s control. Hence, unemployed individuals, if struggling for expenses may apply for unemployment insurance claims.
Moreover, this program, unemployment insurance claims from the government is a big help for those unemployed individuals to survive living while looking for a new occupation.