Number of applications for US unemployment benefits unexpectedly increased

It has been debated for some time that the US economy has lost the dracht that helped it overcome its worst crisis since the end of the war.Now the labour market figures have confirmed this. The number of Americans applying for jobs has increased more than expected in the past week.

The number of new applications for unemployment benefits reached 965,000 in the United States in the week ending January 9. Reuters reported, referring to the U.S. Department of Labor. But the consensus reached by analysts was just under 800,000. A week earlier, only 784,000 people had claiming unemployment benefits in the US.

According to analysts, the increase is also largely due to a $300 increase in benefits, which is expected to last until mid-March this year. Yet this is a signal that america’s labor market is not as fit as it was a month ago, for example, and that its economy is far from the worst out there in terms of the consequences of a coronavirus pandemic.

In many US states, under the pressure of worsening epidemic numbers, various establishments, including restaurants and accommodation services, had to be closed. But the crisis is also affecting downstream industries such as transport and construction.

author avatar
EditorialTeam
The Trader-Magazine.com EditorialTeam is a collective of certified financial analysts, active traders, and cryptocurrency experts. Our mission is to transform complex market data (forex, equities, indices) into accessible financial education. All content undergoes rigorous, multi-level fact-checking to ensure we deliver only accurate, objective information for your trading and investment decisions.

Top 10 financial instruments for 2022. What will their prospects be in 2023?

The year 2022 has brought countless surprises and obstacles...

Telegram scams: how they work and how to protect yourself

Telegram has become one of the most widely used...

Trump Saved TikTok from a Ban. The App in the U.S. Moves into American Hands

TikTok narrowly avoided a ban in the United States...

Climate Change Poses Major Risks to Financial Markets, Regulator Warns

WASHINGTON — A top financial regulator is opening a...

Golden Brokers Review

Golden Brokers Limited was founded in 2018, it is...

Siemens’ Quarterly Profit Beats Estimates as the Company Benefits from AI-Related Demand

German industrial conglomerate Siemens increased its profit from industrial...

Sell Stop Orders: How They Work, When They Trigger and Where They Fail

A sell stop order allows investors to automatically sell an asset...

German Authority Investigates PayPal Over Possible Restriction of Competition

The online payment system PayPal may be engaging in...

Airbnb Could Earn More From the Same Booking

Airbnb plans to bring car rentals and partner services directly into its platform. With AI customer support reducing overheads, the company aims to earn higher profits from existing customer bookings.

Over-the-Counter Markets: How OTC Trading Works Outside Centralized Exchanges

Over-the-counter (OTC) trading allows investors, financial institutions, and companies...

Maersk’s profits grew, but a return via Suez may squeeze margins [1]

Maersk posted an operating profit of USD 3.3 billion...

Shooting Star Candlestick: How to Read It Without Trading the Shape Alone

A shooting star candlestick can warn that an upward...
spot_img