CARSON CITY, NV (KXNT) - Jobs continue to trickle back for Nevada, according to new numbers just released for the Nevada Department of Employment, Training and Rehabilitation.
For the week ending October 31, initial claims for unemployment insurance were down 9.7 percent, compared to last week’s total. Through the week ending October 31, there have been 745,239 initial claims filed in 2020, 723,587 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 for the twelfth consecutive week to 114,102, a decline of 10.6 percent from the previous week. This is the fewest continued claims since the report week ending March 28th.
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 system, fell one percentage points to 8.2 percent.
The Pandemic Unemployment Assistance (PUA) program, which provides up to 46 weeks of benefits for the self-employed, 1099 contract workers, and gig workers saw a decrease in claims of 12.3 percent, while PUA continued claims increased by 6.4 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 an increase of 4,610 claims from a week ago. A continued increase in the number of PEUC claims is expected as claimants exhaust their regular program benefits.