Thursday, September 23, 2021

The number of initial jobless claims in the United States drops to a new low

WASHINGTON – The US Department of Labor reported on Thursday that during the 18-month coronavirus pandemic, the number of first-time jobless claims in the US hit a new low for the second consecutive week.

A total of 310,000 unemployed workers applied for assistance, a decrease of 35,000 from the revised figure of the previous week. Last month’s figure was the lowest level since the pandemic swept the United States in March 2020, but it is still higher than the 2019 average of 218,000.

Since breaking through 900,000 in early January, the number of initial jobless claims has been steadily but unevenly declining. Applying for unemployment benefits is often seen as the current reading of the country’s economic health, but other statistics are also relevant barometers.

Economists said that although the United States said last month that its world’s leading economy had an annualized growth rate of 6.6% between April and June, it only added a disappointing 235,000 jobs in August. A number partly reflects the surge in the delta variant of the coronavirus that has suppressed job growth.

Document-On June 24, 2021, a recruitment sign is displayed outside a retail store in Buffalo Grove, Illinois.

Compared with the total increase of more than 2 million in June and July, the number of new jobs has fallen sharply. The unemployment rate has fallen to 5.2%, which is still nearly 2 percentage points higher than before the start of the pandemic in March 2020.

There are still about 8.4 million workers unemployed in the United States. There are more than 10 million available jobs in the United States, but the skills of available workers often do not meet the requirements of employers, or the vacancies are not where the unemployed live.

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The size of the US economy—nearly $23 trillion—is now surpassing pre-pandemic levels because it is recovering faster than many economists predicted during the worst corporate failures more than a year ago.

How fast the growth rate is is an open question.

For several months, in addition to the usually less generous state aid, the central government has given unemployed workers an additional $300 in unemployment compensation every week. But this additional aid has now ended nationwide. Approximately 7.5 million unemployed workers were affected by the interruption of additional funding.

The delta variant of the coronavirus also poses a new threat to the economy.

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In many states, political disputes broke out among conservative Republican governors who refused to implement mandatory mask and vaccination rules in schools and businesses in the state, although some education and municipal leaders advocated for stricter rules to try to prevent deltas. The spread of variants.

US President Joe Biden talked about the new vaccination efforts late on Thursday, again urging those who are unwilling to be vaccinated for some reason to try to prevent the continued surge in the number of cases.In recent weeks, approximately 150,000 new cases have been detected in the United States every day

Now, more than 64% of American adults have been fully vaccinated against the coronavirus.

The number of initial jobless claims in the United States drops to a new low
Nation World News Desk
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