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Sport significantly more applications for unemployment help in the USA

18:30  23 november  2022
18:30  23 november  2022 Source:   pressfrom.com

Unemployment NRW: Despite uncertainties - young people benefit

 Unemployment NRW: Despite uncertainties - young people benefit Despite the difficult economic framework, unemployment in Cologne in November has slightly dropped by 1.3 percent. The unemployment rate was 8.5 percent and thus 0.1 percentage points below the October value. In November, the value typically drops because more workers are sought at this time of year and many young people have started training. © dpa Logo of the employment agency.

The situation on the US labor market has been unexpectedly clouded in the past week. The number of income on unemployment benefits rose by 17,000 to 240,000, as the Ministry of Labor announced in Washington on Wednesday. Analysts only expected 225,000 applications after it was 223,000 the previous week. Because of the “Thanksgiving” holiday on Thursday, the data was published a day earlier than usual.

Eine Frau lässt sich in einem Jobcenter in New York von einem Mitarbeiter beraten. (Symbolbild) © EPA Justin Lane/EPA/dpa A woman can be advised by an employee in a job center in New York. (Symbol image)

The initial applications on unemployment help are considered an indicator of the short -term development of the labor market. Despite the increase, the level of auxiliary applications remains low, which indicates a further robust location in the labor market of the largest economy in the world. Regardless of the economic sturdy, many US companies complain of a lack of workers.

The US Federal Reserve is heavily based on the development of the job market in its monetary policy. She has given the solid labor market as an argument against sliding off the economy into a deep recession and tried to get the very high inflation under control with strong interest rate increases. However, she recently promised a somewhat slower stream of streams so as not to burden the economy too much.

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usr: 1
This is interesting!