Saturday, July 24

Unemployment benefit claims rose to 419.00 last week

  • The weekly number of claims for unemployment benefit rose to 419.00 last week
  • This amount represents 51,000 more requests than the previous week
  • The week ending July 10 there were 3.23 million people receiving this social benefit

Amid the economic reactivation and uncertainty due to the increase in cases of coronavirus due to the new strain, the weekly number of applications for unemployment benefits rose to 419.00 last week, compared to 368,000 the previous week, reported this Thursday the Bureau of Labor Statistics (BLS) through the agency EFE.

The new figure for the week ending July 17 is 51,000 more requests than the previous week. More data on unemployment and the behavior of the dynamics of the economy can be found on the page of the Department of Labor.

AVERAGE

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The average number of requests in four weeks, a measure that compensates for the weekly ups and downs, was placed at 385,250 compared to the figure of 384,500 the previous week, according to official data issued in the United States.

BLS reported that in the week ending July 10, there were 3.23 million people receiving this social benefit, compared to 3.26 million in the previous week.

Unemployment benefit: UNPRECEDENTED

Bureau of Labor Statistics
Photo: AP

The weekly number of jobless claims, which reached a record 6.8 million in March 2020 as a result of the COVID-19 pandemic, has been gradually declining, but current numbers indicate a brake on the market recovery. labor.

Since then, the number of new requests for the subsidy has remained above 365,000. Before the start of the pandemic and for several weeks the average was about 205,000 requests.

THE LOWEST LEVEL

United States
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The number of people who applied for unemployment insurance in the United States fell to its lowest level since the start of the coronavirus pandemic, evidence that the economy and the labor market are recovering rapidly.

The report released Thursday by the Labor Department shows that applications decreased by 26,000 last week to settle at 360,000. The weekly figure, reflecting the layoffs, has more or less steadily declined since it peaked at 900,000 in January. Filed Under: Unemployment Benefit

Unemployment benefit: THE ECONOMY IS RECOVERED

Unemployment benefit
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The US economy is recovering so fast that many experts forecast 7% growth for this year, something not seen since 1984. The vaccination campaign has drastically reduced the number of new COVID-19 cases – the seven-day average was 250,000 at the beginning of January and now it’s 25,000—

Although in recent days it has shown a slight rebound. As the health crisis subsides, citizens are leaving their homes to go shopping, eat at restaurants, have a drink at a bar, attend sporting events or go on a trip.

FACE DIFFICULTIES

United States
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As a result, businesses have struggled to meet the unexpected surge in demand: 9.2 million available jobs were announced in May, without being able to fill all of them. Labor shortages in some sectors are forcing businesses to raise wages and raise prices to compensate for higher labor costs.

The lack of available workers has several causes. Many are still reluctant to work in crowded places. Others, mainly women, are no longer working because they have to stay home to care for their children due to the closure of schools or daycare centers. And some 2.6 million older people took advantage of the increase in their retirement funds or the value of their homes to retire early. Filed Under: Unemployment Benefit

REACTIVATION

Subsidy for employment
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Currently in several parts of the world, including the United States, an increase in covid cases has been noted, due to the new Delta strain, which attacks all types of people, even if they are vaccinated, this in the middle of a reopening of companies after last year’s quarantine.

Unemployment benefits are supports that the government gives to citizens who lost their jobs, so that they can meet the financial commitments they have with their families, in terms of home, services and schools.



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