Ohio unemployment claims rise dramatically since DeWine announced business closures

[riversedge]

Source: 10tv.com






Published: 03/17/20 02:55 pm EDT

COLUMBUS, Ohio – The number of claims people filed for unemployment compensation has risen dramatically in Ohio since Governor Mike DeWine ordered many businesses to close amid the coronavirus outbreak.

On Sunday, DeWine said bars and restaurants needed to close and on Monday, DeWine said fitness centers, bowling alleys, movie theaters, and indoor water and trampoline parks needed to close.

According to a spokesperson for the Ohio Department of Jobs and Family Services, there is $1.13 billion in the fund for unemployment compensation as of Tuesday afternoon.


The spokesperson also said the office received 48,640 claims over the last two days compared to 1,825 claims during the same two days last week.................

Read more: https://www.10tv.com/article/ohio-unemployment-claims-rise-dramatically-dewine-announced-business-closures-2020-mar

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that Billion will not last long.

[progree]

1. Thursday we'll see the Bureau of Labor Statistics' weekly claims for unemployment insurance report

It is done weekly and released Thursday. Last Thursday's report was very mild: "In the week ending March 7, the advance figure for seasonally adjusted initial claims was 211,000, a decrease of 4,000 from the previous week's revised level. "

That's about the same very low (historically speaking) level we've seen for the last fewl years -- at the levels of the late 60's and early 70's.

It will be saddening to see Thursday's report that covers the week ending March 14 (and that was before a lot of the shutdowns that were announced over the weekend and yesterday and today).

As for the monthly jobs report to be released April 3 -- the survey week for the data for the report was the week of 3/8 - 3/14 (probably but see the more detailed discussion of the survey week -- https://www.democraticunderground.com/10142449119#post12