5.112 millions of US citizens are getting unemployment benefits
During the week to February 21 in the U.S. have made a total of 667 000 applications for unemployment benefits, according to today's report from the U.S. Department of Labor. This is an increase of 32 000 of the requests to the previous reporting period, the number of applications was 631 000 according to revised data in today's report. Consensus expectations of the market were the number of claims to decline to 625 000, initially reported 627 to 000. The total number of Americans receiving unemployment benefits, increased by 114 000 and reached a record 5.112 million last week. Data for the last four weeks showed a decline in the number of Americans who have submitted the first applications for unemployment benefits up to 625 000 to 627 000 in the previous week.
The level of Americans with insurance against unemployment, to receive benefits increased to 3.8 percent, the highest from 1983 onwards, against 3.7 percent the previous week. The average number of requests for benefits over the past four weeks was 639 000. Data show that U.S. companies continue to reduce costs and reduce its staff, a process that erosion consumption and growth of the country's economy, as probably this month unemployment rate will rise to 7.9 percent.
Labels: Business News, Politic News
posted by Zoritza Petrova @ 1:17 PM
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