Updates from @DetrNevada: The number of initial claims for regular unemployment last week is down to its lowest point since mid-March, at 6,442 claims.
PUA initial claims at 8,345, one of the lower points recently.
but just during pandemic, more than 1.4M initial claims filed
PUA initial claims at 8,345, one of the lower points recently.
but just during pandemic, more than 1.4M initial claims filed
@DetrNevada The number of 'continued claims' - certifications filed last week saying someone is unemployed for a given week - is down but just by a small margin of ~4,000, to 273,037.
Officially more people participating in a CARES Act-funded extension program now than regular state UI.
Officially more people participating in a CARES Act-funded extension program now than regular state UI.
@DetrNevada Trust fund for state unemployment benefits is down to about $46 million, which is enough for less than 2 weeks of payments.
Nevada still has not started borrowing from feds, likely because the amount it's paying each week is declining as more folks transfer to federal extensions
Nevada still has not started borrowing from feds, likely because the amount it's paying each week is declining as more folks transfer to federal extensions
Trust fund replenished by employer contributions.
Related: DETR held extremely short hearing today on proposed regs to hold employers harmless for certain layoffs/furloughs during pandemic. Normally, they'd be taxed more for their workers tapping into UI cms.detr.nv.gov/Content/Media/…
Related: DETR held extremely short hearing today on proposed regs to hold employers harmless for certain layoffs/furloughs during pandemic. Normally, they'd be taxed more for their workers tapping into UI cms.detr.nv.gov/Content/Media/…
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