July 30, 2020
Economic Information & Analytics Division
Virginia’s Unemployment Insurance Weekly Claims for Week Ending July 25th
~ Seasonally unadjusted weekly initial unemployment insurance claims rose by 13.2% from the previous filing week as continued claims fell by 3.4% during that period ~
RICHMOND—The Virginia Employment Commission (VEC) announced that the total number of initial claims filed from the beginning of the pandemic in Mid-March of 2020 through the July 25, 2020 filing week was more than double the average number filed during the last three economic recessions.
For the filing week ending July 25, the figure for seasonally unadjusted initial claims in Virginia was 42,966. The latest claims figure was an increase of 5,020 claimants from the previous week and rose to its highest level since May.
For the most recent filing week, continued weeks claimed totaled 344,826, down 12,272 from the previous week, but 324,629 higher than the 20,197 continued claims from the comparable week last year. They have trended downward in the last month and fell to their lowest level since April during the most recent filing week. The continued claims total is mainly comprised of those recent initial claimants who continued to file for unemployment insurance benefits during the COVID-19 pandemic.
For additional information on who is claiming unemployment insurance in Virginia, access the VEC’s U.I. claims data dashboard (https://www.vec.virginia.gov/ui-claims-dashboard) that is updated no later than the following Monday after the weekly claims press release.
Nationwide, in the week ending July 25, the advance figure for seasonally adjusted initial claims was 1,434,000, an increase of 12,000 from the previous week's revised level. The previous week's level was revised up by 6,000 from 1,416,000 to 1,422,000. The advance number of actual initial claims under state programs, unadjusted, totaled 1,205,871 in the week ending July 25, a decrease of 171,054 (or -12.4 percent) from the previous week. There were 178,897 initial claims in the comparable week in 2019. Looking at preliminary data, most states reported decreases while nine states reported weekly increases on a seasonally unadjusted basis. Virginia’s preliminary weekly change (+8,578) was the largest increase among states. Increases over 1,000 included Nevada (+6,125), Indiana (+2,698), Missouri (+1,925), Kansas (+1,502), and New Jersey (+1,466).