Initial unemployment claims continue to drop

A vehicle drives by a sign at the State of Nevada Department of Employment, Training and Rehabilitation (DETR) as the coronavirus continues to spread on April 28, 2020 in Las Vegas, Nevada.
Photo credit Ethan Miller/Getty Images

CARSON CITY, NV – Finalized data from the Nevada Department of Employment, Training and Rehabilitation (DETR) show initial claims for unemployment insurance totaled 7,525 for the week ending September 26, down 8.2 percent, compared to last week. That number is the lowest weekly total of initial claims filed since mid-March.

Through the week ending September 26, there have been 704,670 initial claims filed in 2020, 680,754 of which have been filed since the week ending March 14.

Continued claims, which represent the current number of insured unemployed workers filing weekly for unemployment insurance benefits, fell by 6.3 percent, the seventh consecutive weekly decline 

Nevada’s insured unemployment rate, which is the ratio of continued claims in a week to the total number of jobs covered by the unemployment insurance systemfell by 1.0 percentage points to 13.7 percent. 

The Pandemic Unemployment Assistance claims fell by 2.1 percent, while PUA continued claims a declined 5.2 percent. 

Nevada’s Pandemic Emergency Unemployment Compensation (PEUC) program, which provides up to 13 weeks of benefits to individuals who have exhausted their regular unemployment benefits, saw 37,346 claims filed in the week, an increase of 5,964 claims from a week ago. PEUC claims are expected to increase as large groups of regular program filers exhaust their regular unemployment benefits.