A total of 523 Clay County businesses and organizations received Paycheck Protection Program loans that they indicated would help retain 4,476 jobs, according to data from the U.S. Small Business Administration. The U.S. Small Business Administration (SBA) and U.S. Treasury Department released the data on Monday for loans made under the Paycheck Protection Program (PPP)....
Category: Economy
Post
Clay County unemployment rate drops to 8.3% in May
The unemployment rate in Clay County dipped back below 10% in May to 8.3%, according to Iowa Workforce Development. That’s an improvement of just over two percentage points compared to April, when the rate in the county spiked to 10.4% due to the economic impact of COVID-19. The Clay County unemployment rate had jumped from...
Post
Iowa unemployment rate drops to 10% in May
Iowa’s seasonally adjusted unemployment rate decreased to 10.0 percent in May. The state’s jobless rate was 2.7 percent one year ago. The U.S. unemployment rate dropped to 13.3 percent in May. “Given Iowa did not begin to reopen until May, it is not surprising that the unemployment rate remains at 10%. There are signs, however,...
Post
Clay County unemployment rate 10.5% in April
The unemployment rate in Clay County climbed to 10.5% in April, showing how COVID-19 closures and related workforce changes have affected area jobs. April’s rate is a significant increase from the 3.7% rate in March. Clay County’s unemployment rate in April 2019 was 2.7%. Iowa Workforce Development Director Beth Townsend said last week that April...
Post
Iowa’s unemployment rate increases to 10.2% in April
Iowa’s seasonally adjusted unemployment rate increased to 10.2 percent in April. The state’s jobless rate was 2.7 percent one year ago. The U.S. unemployment rate rose to 14.7 percent in April. “April is the first month we have seen the real impact of the pandemic on our unemployment rate. We remain hopeful that as we...
Post
Iowa Workforce Development reports 16,735 initial unemployment claims filed May 3-9
DES MOINES – The number of initial claims in Iowa, filed between Sunday, May 3, and Saturday, May 9, was 16,735. There were 15,411 initial claims by individuals who work and live in Iowa, and 1,324 claims by individuals who work in Iowa and live in another state. The number of continuing weekly unemployment claims...
Post
New Iowa unemployment claims total 67,334; 281 in Clay County
The U.S. Department of Labor reported 67,334 initial unemployment claims in Iowa filed between March 29 and April 4. The number of continuing weekly unemployment claims in Iowa is 92,962, according to Iowa Workforce Development (IWD). Unemployment insurance benefits paid to claimants totaled almost $27.6 million. IWD stated the following industries had the most claims:...
Post
Iowa Workforce Development reports 58,453 initial unemployment insurance claims filed for last week of March
DES MOINES – The number of initial claims in Iowa reported by the U.S. Department of Labor, filed between Sunday, March 22 and Saturday, March 28, (a time period that reflects the increased number of claims filed related to COVID-19, including the broader group of individuals eligible for claims due to the virus) was 58,453....