As the nation emerges from lockdowns imposed in response to the coronavirus pandemic, new unemployment claims continue to decline.
The number of Ohio residents receiving unemployment checks decreased by 48,753 claims between the weeks ending June 7 and June 13. Advance claims for the week ending June 20 were 444,205 claims, compared with 492,958 claims the week ending June 13.
The decrease represents a 10 percent drop.
According to U.S. Department of Labor data released this morning, 1,226 more Ohio residents filed new unemployment claims in the week ending June 20 than the previous week.
DOL data reports 34,375 Ohio residents filed new unemployment claims last week, compared with 33,139 claims filed the week ending June 13.
Nationally, new claims for the week ending June 20 also declined. The advance figure for seasonally adjusted initial claims was 1,480,000, a decrease of 60,000 claims from the previous week's revised level.
As of June 20, the DOL reports, approximately 19.5 million Americans continue to file for unemployment benefits.
The advance seasonally adjusted insured unemployment rate nationwide was 13.4 percent for the week ending June 13, a decrease of 0.5 percentage point from the previous week's revised rate.
— Story courtesy of The Center Square.