- The US government has bad news.
- Weekly applications for unemployment benefits rise to 203,000.
- The Bureau of Labor Statistics released the report.
ALARMING INCREASE! On Thursday, it was announced that the United States Government, through the Bureau of Labor Statistics, issued its report on weekly applications for unemployment benefits and the number has risen.
Weekly jobless claims rose sharply after the Covid-19 pandemic, but the numbers have been steadily decreasing. This is the first time they have exceeded expectations. These are claims for unemployment assistance from the government.
UNEMPLOYMENT CLAIMS RISING
The weekly number of applications for unemployment benefits in the United States increased to 203,000 last week compared to 200,000 the previous week, the Bureau of Labor Statistics (BLS) reported today according to EFE.
“Total nonfarm payroll employment rose to 428,000 people in April, and the unemployment rate was unchanged at 3.6 percent, the US Bureau of Labor Statistics reported today, growth was across the board, driven by profits in leisure and hospitality, in manufacturing and in transport and storage,” reported BLS.
Higher than during the Covid-19 pandemic?
Unemployment applications, which jumped to an unprecedented weekly figure of 6.8 million at the end of March 2020 as a result of the Covid-19 pandemic, had remained below 200,000 since mid-February, according to EFE. The figures that were released recently worried experts because the numbers had been holding steady until now.
“The unemployment rate stood at 3.6 percent in April and the number of jobless people was essentially unchanged at 5.9 million. These measures are little different from their values in February 2020 (3.5 percent and 5.7 million, respectively), before the coronavirus (COVID-19) pandemic,” indicates the official report shared by BLS. Filed Under: US unemployment subsidy applications
Higher unemployment among teenagers?
The average number of requests in four weeks, a measure that compensates for the weekly ups and downs, stood at 192,750 compared to 188,000 in the previous week, EFE reported. In the report presented by the BLS, they revealed the unemployment rate for adult men (with 3.5%), compared to women (which is established as 3.2%). But, what is most surprising is the rate for adolescents.
“Among major groups of workers, the unemployment rates for adult men (3.5 percent), women (3.2 percent), teens (10.2 percent), whites (3.2 percent), African Americans (5.9 percent), Asians (3.1 percent), and Hispanics (4.1 percent) showed little or no change during the month.” Filed Under: US unemployment subsidy applications
The most difficult month for the country?
In the statistics that they pointed out in the official report from the Bureau of Labor Statistics, the number of people who lost their jobs in the month of April, almost reaches the February 2020 figures, just before the Covid-19 pandemic began to affect the country.
“Among the unemployed, the number of people who lost permanent employment stood at 1.4 million in April, and the number of temporary unemployed was little changed at 853,000. These measures differ somewhat from their values in February 2020. In April, the number of long-term unemployed (those out of work for 27 weeks or more) was little changed at 1.5 million,” BLS reported.
Does the unemployment number change?
Meanwhile, the report also noted that in the week ending April 30 there were 1.34 million people receiving unemployment benefits, compared to 1.38 million in the previous week. The unemployment rate in April in the United States, added up to 3.6% of the labor force, the lowest in two years, indicated the EFE agency.
“The number of people not in the labor force who currently want a job was little changed at 5.9 million in April. This measure is above its February 2020 level of 5.0 million. These people were not counted as unemployed because they were not actively looking for work during the 4 weeks prior to the survey or were not available to take a job.”
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