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United States: weekly jobless claims are falling again

2021-09-02T13:09:50.608Z


Weekly jobless claims fell again in the United States, hitting a new low since the start of the crisis ...


Weekly jobless claims are down again in the United States, hitting a new low since the start of the health crisis, despite the Delta variant slowing the recovery, according to data released Thursday by the Department of Labor.

Read alsoUnited States: weekly jobless claims start up again

Between 22 and 28 August, 340,000 people joined the ranks of applicants for unemployment benefit.

This is 14,000 less than in the previous week, for which the figures were revised upwards, with 354,000 new registrations.

And it's better than expected, since analysts expected 348,000 new registrations.

The total number of unemployment benefit recipients in the United States, on the other hand, continued to increase, for the second week in a row, to nearly 12.2 million people (+178,526), ​​according to the most recent data available. , also published Thursday.

August less good than July

The official employment report for August will be released on Friday, and is expected to be a little worse than that for July, which saw nearly a million job creations. Analysts estimate that 750,000 new jobs were created in August, and expect unemployment to fall again to 5.2% from 5.4% in July. Because the economic recovery in the United States is being slowed down by the Delta variant of Covid-19, which is pushing up contamination cases. Part of the population slowed down certain outings, for fear of contracting the virus and transmitting it and many companies, which had planned to return to the office of executives still largely teleworking in September, postponed it for several months.

Another fear is that this resurgence of the virus will chop up the first months of the school year, after already a year and a half of school largely at home, in virtual.

This would again weigh on the ability of many mothers to return to work.

However, the additional unemployment benefits, paid since the start of the pandemic, expire on Monday.

The long-term unemployed, as well as the self-employed, among others, will no longer be entitled to it, which could force them to pay less attention to the jobs sought.

Read alsoUnited States: slow decline in weekly jobless claims

Half of the country's states had taken the lead, and reduced or eliminated this aid for several weeks. But this seems to have had "

only a marginal effect

" on employment, according to Gregory Daco, economist for Oxford Economics. The Biden administration has also called on states where the unemployment rate remains high to use certain funds paid by the federal government to maintain aid for the unemployed.

Source: lefigaro

All business articles on 2021-09-02

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