Economy

The number of applications for unemployment benefits in the United States decreased to 712 thousand per week

How To Apply for the FREE $ 600 Weekly – Unemployment Benefit

Economy still plagued by restrictions due to COVID-19 and failure of two parties to agree on a new economic aid package

Last week, the number of Americans who filed first-time jobless claims fell unexpectedly, the Labor Department said Thursday. However, the number of people left without work remains extremely high, especially against the background of restrictions on doing business imposed by the new wave of rising incidence of COVID-19 in the absence of new measures to help the American economy..

Weekly Benefit Claims Dropped From 750,000 To 712,000 In The Week Ending November 28.The number of applications for unemployment benefits in the United States decreased to 712 thousand per week During the previous two weeks, this figure has only increased. Economists polled by Reuters predicted the number of applications in the last week of November to reach 775,000.

The decrease in the number of applications for benefits – this figure was less than expected by the Department of Labor – is probably due to the celebration of Thanksgiving Day. According to economists, the holiday could have affected the model that the government uses to calculate its forecasts for the labor market..

Restraining economic recovery and the protracted adoption of the next package of measures to provide assistance to the economy, which the Republicans and Democrats in Congress cannot agree on. Services activity slowed to a six-month low in November. In total, last week, one million people in the United States applied for various types of financial assistance, including state-funded programs for the self-employed, freelancers and other categories of people who are not eligible for regular unemployment benefits..

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