July 24, 2021

U.S. unemployment claim applications they fall by 8,000

U.S. unemployment claim applications they fall by 8,000



Unemployment subsidy requests in the United States fell by 8,000 last week to 207,000, and have remained at minimum levels for almost 50 years, the Labor Department reported today.

This decline was greater than expected by analysts, who had forecast 213,000 new applications for the week ended September 29.

Regarding the average of applicants of the subsidy during the last month, a more reliable indicator of the march of the labor market in the USA, decreased in 500 applications and was in 207,000, according to the report of the Government.

Requests for unemployment benefits carry 187 consecutive weeks below the figure of 300,000, a sign of good health in the US labor market.

The total number of people receiving unemployment benefits continuously decreased by 13,000, to 1.65 million, close to the lowest level since the beginning of 1970.

The strength of the labor market continued during the first year and a half of the president's term, Donald Trump, and in August the unemployment rate stood at 3.9%.

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