Weekly Unemployment Benefit Claims in the US Down to Their Lowest Since the Pandemic

Weekly%20Unemployment%20Benefit%20Claims%20in%20the%20US%20Down%20to%20Their%20Lowest%20Since%20the%20Pandemic
source: today.in-24.com

Weekly Unemployment Benefit Claims in the United State Down to Their Lowest Since the Pandemic

Between August 22 and 28, 340,000 requests were registered, 14,000 less than the previous week.

Analysts expected 348,000 new orders in the week under study. The official employment report for August will be released on Friday.

Recently, the Government of the United States President, Joe Biden, announced that it would not seek to extend the reinforcement of 300 dollars a week in the unemployment benefit that expires on September 6, given the improvement in the economic recovery after the crisis caused by the pandemic in COVID-19.

Weekly claims for unemployment benefits in the United States have hit a new low since the start of the COVID-19 pandemic.

Between August 22 and 28, 340,000 applications for unemployment benefits were registered, 14,000 less than the previous week, when there were 354,000 applications, according to the US Department of Labor.

Analysts expected 348,000 new orders in the week under study. The official employment report for August will be released on Friday.

Initial applications have been down for months, thanks to a further reopening of the economy and high demand for workers. Even so, they remain elevated compared to pre-pandemic levels, and the fast-spreading delta variant has injected uncertainty into the economic outlook, posing a risk of future layoffs.

Almost a million jobs were created in July, and analysts estimate the number of new jobs for August to be 750,000.

They also expect unemployment to fall again, to 5.2%, against 5.4% in July.

The $ 300 ratification will expire on September 6; according to the schedule, Treasury Secretary Janet Yellen and Labor Secretary Marty Walsh sent a joint letter to the Senate Finance Committee.

As President Biden has stated, the promotion was always made temporarily, and it is appropriate to end this benefit.

Initial applications have been down for months, thanks to a further reopening of the economy and high demand for workers. Even so, they remain elevated compared to pre-pandemic levels, and the fast-spreading delta variant has injected uncertainty into the economic outlook, posing a risk of future layoffs.