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Peak in ongoing unemployment benefit applications in the US

Peak in ongoing unemployment benefit applications in the US

Applications for continuing unemployment benefits in the US rose to the highest level since February.
The number of people applying for unemployment benefits in the United States increased last week. However, despite this increase, the employment market maintained its strong course.

According to the data of the US Department of Labor, weekly applications for unemployment benefits increased by 4 thousand in line with expectations in the week ended December 3 and became 230 thousand.

Continuing applications increased by 62 thousand to 1.7 million in the week ended November 26. This revealed that Americans who quit their jobs are having a hard time finding a new job.

Although applications have been rising for 2 months, they are still at historic lows.

the 4-week average applications increased to 230 thousand. The unemployment benefit applications data of the previous week was revised from 225 thousand to 226 thousand.

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