Unemployment subsidy applications fall by 12,000

Applications for unemployment benefits fell last week by 12,000, to 215,000, the lowest level since 1973, the Labor Department reported today.

The data is substantially lower than analysts’ forecasts, which anticipated 228,000 new requests.

As for the average of applicants for the subsidy during the last month, a more reliable indicator of the progress of the labor market, decreased by 500 and stood at 224,500, according to the Government’s report.

The demands for unemployment benefits take 160 consecutive weeks below the figure of 300,000, a sign of the good health of the country’s labor market.

The total number of people receiving unemployment subsidies continuously increased by 35,000, to 1.87 million.

The strength of the labor market has been maintained during the first year of the president’s term, Donald Trump, and in February the unemployment rate stood at 4.1 percent, the lowest level in 17 years. (efeusa)

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest

The main opposition candidate for the Dominican Republic presidential elections has coronavirus

The candidate of the Modern Revolutionary Party (PRM) for the presidential elections scheduled for July 5 in the Dominican Republic, Luis Abinader, who leads...

More than 20,000 homes and businesses without light in Fort Lauderdale by fire

 Miami, .- More than 20,000 homes, businesses and offices were left without electricity in Fort Lauderdale, in southeast Florida, due to a fire caused...

The pandemic already leaves about 103 million cases of coronavirus, with 380,000 during the last day

The coronavirus pandemic already leaves about 103 million cases worldwide, with more than 380,000 during the last day, in addition to more than 2.2...

Trump’s thorny judicial horizon after leaving the White House

The formula of the car pardon flies over the final stage of the New York tycoon in the Presidency On January 20, 2021 Joe Biden...

Dominican College of Journalists assumes new leadership in FL, President IPPP swears in

The event counted with the massive presence of important consular officials of the Dominican Republic, representatives of journalistic associations as well as journalists from...