Monday, December 11, 2023

Weekly applications for US unemployment benefits rebound and stand at 204,000 applications

Initial requests for unemployment benefits in the United States reached a total of 204,000 applications last week, representing an increase of 2,000 people compared to the previous record, according to data published today Thursday at the Department of Labor.

The recipients of this subsidy added a total of 1.670 million in the week ending September 16, representing an increase in the number of beneficiaries of 12,000 people compared to 1.658 million in the previous week. In the same comparable period of 2022, the citizens with benefits reached 1.29 billion.

The main increases occurred in the States of Georgia (1,539), New York (1,332), South Carolina (1,103), Texas (987) and Oregon (557), while the most pronounced decrease was recorded in Indiana (-2,761) , California (-1,498), Virginia (-631), Iowa (-558) and Kentucky (-375).

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The unemployment rate in the US experienced an increase of three tenths in August, reaching 3.8%, while 187,000 non-agricultural jobs were created, a figure higher than the 157,000 new positions created in the seventh month of the year.

The number of unemployed reached 6,355 million in August, compared to 5,841 million in July, including 1,296 million long-term unemployed (those without work for 27 weeks or more), representing 20.4% of the total number of unemployed citizens.

For its part, the number of people working part-time for economic reasons increased by 221,000, to 4.221 million in August. Likewise, the labor force participation rate rose to 62.8%, two tenths more.

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Nation World News Desk
Nation World News Desk
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