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 […]
November 27 , 2020 - Kriss Sjoblom
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 […]
November 26 , 2020 - Kriss Sjoblom
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 […]
November 25 , 2020 - Kriss Sjoblom
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 […]
November 23 , 2020 - Emily Makings
Gov. Inslee allocates additional federal funds for economic support
On Sunday, Nov. 15, Gov. Inslee announced that he would allocate $50 million of the state’s share of the federal Coronavirus Relief Fund (CRF) for aid for businesses. As I wrote last week, a proposal for use of CRF dollars that the governor submitted to the Legislature on Nov. 17 also included $20 million for […]
November 20 , 2020 - Emily Makings
More information on the proposed $50 million in business assistance
On Sunday, Gov. Inslee announced $50 million in aid for businesses but provided few details. Joseph O’Sullivan of the Seattle Times reports that the $50 million will come from the state’s share of the Coronavirus Relief Fund (CRF). The governor has not formally made the allocation, but he has shared his plan with the Legislature. […]
November 19 , 2020 - Kriss Sjoblom
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 […]
November 19 , 2020 - Kriss Sjoblom
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 […]
November 17 , 2020 - Kriss Sjoblom
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 […]
November 16 , 2020 - Emily Makings
How will Washington fund the proposed $50 million in aid for businesses?
When Gov. Inslee announced new restrictions on business and other activities yesterday, he also said that the state will provide some additional relief for businesses: To help mitigate financial impacts on businesses and their employees, the state will commit $50 million in aid. In the short term, the state is commuting $20 million be dedicated […]