by Bruce Walker
As the nation emerges from lockdowns imposed in response to the coronavirus pandemic, new unemployment claims continue to decline.
The number of Minnesota residents receiving unemployment checks decreased by 823 claims between the weeks ending June 13 and June 20. Advance claims for the week ending June 20 were 371,107 claims, compared to 371,930 claims the week ending June 13.
The decrease represents a 1 percent drop.
According to U.S. Department of Labor data released Thursday morning, 4,112 fewer Minnesota residents filed new unemployment claims in the week ending June 20 than the previous week.
DOL data reports 20,584 Minnesota residents filed new unemployment claims last week, compared to 24,696 claims filed the week ending June 13.
Nationally, new claims for the week 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.
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Bruce Walker is a regional editor at The Center Square. He previously worked as editor at the Mackinac Center for Public Policy’s MichiganScience magazine and The Heartland Institute’s InfoTech & Telecom News.
Photo “Long line of People” by Dave Winer. CC BY-SA 2.0.