Weekly applications for unemployment benefits drop by 23,000

Weekly applications for the US unemployment subsidy fell by 23,000 last week to a total of 259,000, down from analysts’ forecasts, the Labor Department said Monday.

Experts expected applications last week to exceed 300,000 for the first time since early 2015 because of the impact of hurricanes Harvey in Texas and Irma in Florida.

But that was not so, and applications ended last week at 259,000, after the revised total of 282,000 from the previous period.

As for the average number of applicants for the subsidy over the past month, a more reliable indicator of the pace of the labor market, grew by 6,000 to 268,750, according to the government report.

Claims for unemployment benefits have taken 133 consecutive weeks below the 300,000 figure.

Meanwhile, the number of people receiving these benefits permanently due to being out of work grew by 44,000 in the week ending September 9 and stood at 1.98 million.

The strength of the labor market has been maintained during the first months of president Donald Trump, and in August the unemployment rate stood at 4.4%.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

‘Yao’ López y Rivas, out of Puerto Rican national team debuting against the USA

Carlos "Yao" López and Juan Ramón Rivas are the two players that Puerto Rican basketball coach Eddie Casiano has left out of the squad...

Luis Almagro and Lenín Moreno mourn the death of former President Alan García

The Secretary General of the Organization of American States (OAS), Luis Almagro, and the President of Ecuador, Lenin Moreno, today lamented the death of...

Zelensky offers Putin to negotiate to stop the war in Ukraine

The president of Ukraine, Volodimir Zelensky, has offered his Russian counterpart, Vladimir Putin, to start a dialogue process "to stop the death of people"...

Selena Gómez and J Balvin collaborate for the first time on a song

 Miami.- Selena Gómez and J Balvin today announced their first collaboration together, a song titled "I Can not Get Enough", which will be released...

US sanctions Raúl Castro and his four children for human rights violations in Cuba and Venezuela

The US Secretary of State, Mike Pompeo, announced on Thursday sanctions against former Cuban President Raúl Castro for "serious human rights violations" in Cuba...