New, continued unemployment claims continue to fall

State’s insured unemployment rate dropped close to a point

Mitch Kelly
November 23, 2020 - 4:17 am
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.

Ethan Miller/Getty Images

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Las Vegas, NV (KXNT) – As threats of more shutdowns loom as coronavirus cases surge in Nevada, more positive signs are coming from the state’s unemployment office.

For the week ending November 14th, initial claims for unemployment insurance were down 4.1 percent, compared to last week’s, according to finalized data from the Nevada Department of Employment, Training and Rehabilitation (DETR). 

Through the week ending November 14, there have been 760,038 initial claims filed in 2020, 738,386 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 fourteenth consecutive week to 96,872, a decline of 8.6 percent, from the previous week’s total, the fewest continued claims since the end of March.

This decrease reflects both workers returning to jobs and claimants exhausting their regular UI claims. 

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 (also known as covered employment), fell 0.7 percentage points to 6.9 percent.

It should be noted that the calculation of the insured unemployment rate is different from that of the state’s total unemployment rate. 

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 of 41.9 percent from last week’s total. DETR says the marked decline comes after increases in the last several weeks. DETR is investigating the cause of the recent increases. 

PUA continued claims were down 14.6 percent, from the previous week’s total. Weekly PUA continued claims are now reported by the benefit week claimed. This follows the reporting procedure for regular continued claims and allows us to understand the number of unemployed workers filing weekly for PUA benefits. 

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 94,009 claims filed in the week, an increase of 1,798 claims from a week ago. 

A continued increase in the number of PEUC claims is expected as claimants exhaust their regular program benefits.