Unemployment Benefits had been decreased last week
Applications for unemployment benefits in the U.S. fell last week after the top of its rise to 575 000 in the first seven days of December. The number of Americans who receive unemployment benefits decreased by 21 000, to the level of 554 000 during the week to December 13 after the previous reporting period reached their highest level for the past 26 years, showing that the labor market in the U.S. continues to weaken and the country is in recession deepens.
As the market consensus expectations were for a decrease in applications to 558 000. Average last four weeks the number of applications for unemployment benefits is 543 750, which is 26 years of peak average of the indicator.
In November the average was 507 000, as today's data indicate that the situation in the labor market in the U.S. continues to deteriorate despite the reduction in applications for unemployment benefits. The country's economy lost 1.9 million jobs during the first 11 months of this year, the number of short positions in November reached 533 000, which is the largest drop in employment by 1974. U.S. unemployment last month reached over 6.7 percent, this being the highest level of 15 years.
Labels: Business News, Politic News
posted by Zoritza Petrova @ 11:39 AM
0 Comments:
Post a Comment
<< Home