Claims for unemployment benefits retreat in the US for the seventh consecutive week

Claims for jobless benefits in the US edged down last week to 268,000 from 269,000 the week before, the Department of Labor indicated today.

This was the seventh consecutive week that applications for unemployment benefits have come down and are now at the lowest level since the start of the covid-19 pandemic.

In the last week of March 2020, subsidy applications increased and reached an all-time high of 6.8 million, with the impact of restrictions adopted to stop the contagion. Since then they have been gradually retreating.

With this new reduction, the number of registrations for unemployment benefits approached the weekly average of 205,000 registered before the pandemic.

In the week ending November 6, there were 2.08 million people receiving this benefit, compared to 2.2 the week before.

The Department of Labor informed on the 5th that the unemployment rate in the United States dropped to 4.6% in October, less than two-tenths compared to September, with the economy having created 531,000 jobs.

In the months leading up to the pandemic crisis, the unemployment rate in the United States was around 3.5%.

source: with agencies


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