New initial claims for unemployment insurance benefits in Idaho totaled 3,250 for the week ending Aug. 8, decreasing 10 percent – or 357 claims – from the previous week.
The four-week moving average fell 11 percent to just over 4,300 new initial claims per week.
Continued claims – the number of people who requested a benefit payment – dropped by 4 percent from the previous week to 20,263, the 14th consecutive week of declines. The four-week moving average for continued claims fell 8 percent – from just over 27,000 for the week ending Aug. 1 to just under 25,000 for the week ending Aug. 8.
The Idaho Department of Labor paid out $14.7 million in claims during the week ending Aug. 8, down from $38.1 million for the week prior. The drop was due to the ending of the Federal Pandemic Unemployment Compensation program, which had paid an additional $600 per week in benefits.
Total benefit payments to laid-off Idahoans attributed to COVID-19 have reached $767 million. (Idaho Department of Labor)