Michigan Unemployment in June Falls 6.5 Percent Since May, Still Above ‘Great Recession’ Levels

Michigan unemployment climbed by 24,000 new claims last week, bringing the state’s total number of unemployment claims to 555,162.

However, the week-over-week tally fell by 9,705 new claims from 34,602 new claims in the week ending July 4 to 24,897 new claims in the week ending July 11, according to U.S. Department of Labor data. Those numbers are still above unemployment levels recorded at the height of the Great Recession of 2009.

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Minnesota’s Unemployment Numbers Exhibit Slight Increase

New unemployment claims increased slightly in Minnesota last week, as well as overall total unemployment, running opposite from the falling national trend reported by the U.S. Department of Labor.

The week-over-week numbers reported for Minnesota the week ending July 4 show 19,886 new initial claims, an increase of 513 initial unemployment claims from the previous week’s 19,373 new claims.

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Weekly Jobless Claims Lower Than Expected at 1.3 Million

Jobless claims for the past week were lower than economists had predicted as workers begin returning to their jobs, according to data from the Labor Department shows.

The total number for jobless claims for the week ending in July 4 was 1.3 million, according to the Labor Department data, which is 99,000 fewer claims than the previous week. Economists surveyed by Down Jones had predicted 1.39 million jobless claims, according to CNBC.

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Adding Another 35,000 Claims Last Week, Ohio Unemployment Remains Above 425,000

Despite more than 35,000 new unemployment claims in Ohio last week, the total number of people receiving unemployment benefits dropped.

According to U.S. Department of Labor data, Ohio added 35,206 new unemployment claims in the week ending June 27. That’s 280 more than the previous week’s 34,926 new claims and brings the total number of unemployment claims in the state to 426,452, down 39,820 from the previous week’s 466,363 total number.

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New U.S. Unemployment Claims Drop Below 2 Million, but Total Claims Top 42 Million

The number of new unemployment claims filed last week dropped to 1.88 million, the first time weekly claims didn’t exceed 2 million since mid-March.

Still, the total number of claims filed since government restrictions closed businesses deemed nonessential to slow the spread of COVID-19 surpassed 42 million in the 11 weeks since states began shutting down significant parts of their economy.

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US Job Losses in May Could Raise 3-Month Total to 30 Million

The epic damage to America’s job market from the viral outbreak will come into sharper focus Friday when the government releases the May employment report: Eight million more jobs are estimated to have been lost. Unemployment could near 20%. And potentially fewer than half of all adults may be working.

Beneath the dismal figures will be signs that job cuts, severe as they are, are slowing as more businesses gradually or partially reopen. Still, the economy is mired in a recession, and any rebound in hiring will likely be painfully slow. Economists foresee unemployment remaining in double-digits through the November elections and into 2021.

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Minnesota Sees Another 28,615 People File for Unemployment

Minnesota’s unemployment numbers continue to tick slightly upward, according to U.S. Department of Labor numbers released Thursday morning.

The state added another 28,615 to its unemployment ranks in the week ending May 23, down only 278 claims from the previous week’s 28,893 claims. The total number of claims reported last week is 443,254, up 5,564 from the prior week’s reported 427,690 unemployment claims.

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