Tuesday , May 18 2021

US unemployment reserves are at the highest level in more than four months



The number of new job seekers last week has increased to four months, but the main trend remains in line with the strong job market.

The US Department of Labor said on Wednesday that new unemployment claims rose by 3,000 to an average of 224,000 seasonal orders for the week ending November 17.

Previous week data has been revised to show an increase of 5,000 times over the previous advertiser.

Economists surveyed by Reuters have expected unemployment claims to drop to 215,000 in the past week.

The four-week moving average for unemployment claims, which is a more accurate measure of the labor market because it excludes weekly fluctuations, increased by 2,000 to 218,500 last week.

The number of jobs increased by 250,000 in October, and unemployment fell by nearly 3.7 percent to 49 years. The US labor market is considered close to full employment.


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