Kriss Sjoblom

Nationwide, 853,000 filed for unemployment insurance last week

The U.S. Department of Labor (DOL) issued its weekly report on initial claims for unemployment insurance this morning. Nationwide, the number of seasonally adjusted claims was 853,000 last week. This is a large increase from the (upwardly revised) number of claims for the previous week, 716,000. The 4-week moving average of seasonally adjusted claims was […]

In Washington 22,334 filed initial claims for regular unemployment insurance last week

This morning the state Employment Security Department (ESD) gave its weekly report on unemployment insurance claims. ESD reported a total of 32,718 initial claims for unemployment insurance during the week ending November 28. Of this total, 22,334 initial claims were under the regular state unemployment insurance program; 3,302 claims were under the federal pandemic unemployment […]

Nationwide, 778,000 filed for unemployment insurance last week

The U.S. Department of Labor (DOL) issued its weekly report on initial claims for unemployment insurance this morning. Nationwide, the number of seasonally adjusted claims was 712,000 last week. This is down from the (upwardly revised) number of claims for the previous week, 787,000. The 4-week moving average of seasonally adjusted claims was 739,500, down […]

Update on personal income, consumer spending and saving rates during the Covid-19 recession

Here are updates of two charts I have previously posted regarding income and consumer spending during the Covid-19 recession, including new numbers for October and revisions to numbers for prior months. On the first chart, the stacked columns show estimated personal income for the U.S. as a whole, by month, from January 2019 through October […]

In Washington 30,274 filed initial claims for regular unemployment insurance last week

Yesterday afternoon the state Employment Security Department (ESD) gave its weekly report on unemployment insurance claims. ESD reported a total of 43,057 initial claims for unemployment insurance during the week ending November 21. Of this total, 30,274 initial claims were under the regular state unemployment insurance program; 4,396 claims were under the federal pandemic unemployment […]

Nationwide, 778,000 filed for unemployment insurance last week

Nationwide, 778,000 filed for unemployment insurance last weekThe U.S. Department of Labor (DOL) issued its weekly report on initial claims for unemployment insurance this morning. Nationwide, the number of seasonally adjusted claims was 778,000 last week. This is up from the (upwardly revised) number of claims for the previous week, 748,000. The 4-week moving average […]

In Washington 16,837 filed initial claims for regular unemployment insurance last week

This morning the state Employment Security Department (ESD) gave its weekly report on unemployment insurance claims. ESD reported a total of 26,366 initial claims for unemployment insurance during the week ending November 14. Of this total, 18,837 initial claims were under the regular state unemployment insurance program; 2,693 claims were under the federal pandemic unemployment […]

Nationwide, 742,000 filed for unemployment insurance last week

The U.S. Department of Labor (DOL) issued its weekly report on initial claims for unemployment insurance this morning. Nationwide, the number of seasonally adjusted claims was 742,000 last week. This is up from the (upwardly revised) number of claims for the previous week, 711,000. The 4-week moving average of seasonally adjusted claims was 742,000, down […]

Forecast of state revenues increased

At its quarterly meeting today, the state Economic and Revenue Forecast Council (ERFC) updated its forecast of state revenues. This is the third official forecast to incorporate the impact of the COVID-19 pandemic. In recent years, budget reports from legislative fiscal committees have typically rolled up three accounts: the general fund–state, the education legacy trust […]

State tax collections again exceed forecast

Today’s monthly report from the state’s Economic and Revenue Forecast Council (ERFC) on general fund revenue collections brought more good news. For the sales tax, the use tax, the business and occupation tax, the public utility tax, the tobacco products tax, and penalties and interest (collectively the Revenue Act receipts), this report covers payments received […]