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Category: Economy

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These are the Spencer and Clay County businesses and organizations that received PPP loans

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)....

Clay County unemployment rate drops to 8.3% in May
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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...

New Iowa unemployment claims total 67,334; 281 in Clay County
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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:...

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