Weekly claims for unemployment benefits stand at 840,000

Unemployment second week of October. The figure stood at 840,000 compared to 837,000 the previous week, the Labor Department reported. Th...

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  • Unemployment second week of October. The figure stood at 840,000 compared to 837,000 the previous week, the Labor Department reported.
  • The number of unemployment who availed themselves of this benefit stood at 10,976,000 until the week that ended on September 26
  • Unemployment among Hispanics stood at 10.3% in September

October unemployment benefits. The weekly number of applications for unemployment benefit in United States It stood at 840,000, compared to 837,000 in the previous week, the Labor Department reported Thursday.

The number of unemployment that availed themselves of this benefit stood at 10,976,000 until the week that ended on September 26.

unemployment second week of October

Twitter US Labor Department

Unemployment among Hispanics fell to 10.3% in September

The unemployment rate among Hispanics in the United States fell two tenths in September to 10.3% of its workforce compared to a level of 7.9% for the general population, in a month in which the rate of growth slowed. Hiring and the economy added 661,000 jobs.

As reported today by the Bureau of Labor Statistics, the number of unemployed Latinos decreased from 3.04 million in August to 2.96 million in September, and the number of employees remained at about 25.8 million people.

The unemployment rate for Hispanic men fell from 9.8% in August to 8.7% in September, while that of women rose from 10.5% to 11%, according to the official report.

Among the general population of the country, the unemployment rate fell half a percentage point to 7.9% in September, in a month in which despite slowing down the pace of hiring, the economy added 661,000 jobs.

In August the economy had added more than 1.48 million jobs and unemployment was at 8.4%.

Filed Under: Unemployment Second Week of October

“These improvements in the labor market reflect the continued reactivation of the economy that was affected by the coronavirus pandemic and efforts to contain it,” the report said, adding that “in September there were notable employment advances in the leisure and hospitality, retail, health care and social assistance ”.

In September, the private sector hired some 877,000 workers, compared with 1.03 million in the previous month, while government employment decreased by 216,000 jobs compared to an increase of 467,000 in August.

The unemployment rate among men over 20 years of age fell from 8% in August to 7.4% in September, while among women over 20, unemployment fell from 8.4% to 7.7% in those two months.

According to the official report, in September the number of people who had been unemployed for less than five weeks increased by 271,000 to 2.6 million, but the number of those who had been unemployed for five to 14 weeks fell by 402,000 to 2.7 millions.

In a scenario in which layoffs continue to exceed 800,000 a week, the manufacturing sector showed slightly more momentum in September with the addition of 66,000 jobs after a 36,000 increase in the previous month.

The unemployment rate in the US has had sharp ups and downs since February, when it was at 3.5% of the workforce and climbed to 14.4% in April, when it was hit by the coronavirus pandemic.

Filed Under: Unemployment Second Week of October

In March and April the US economy lost nearly 22 million jobs and has since regained about 11.4 million jobs, but job growth has slowed and September was the first month since April when the hiring of personnel was below one million jobs.

This is the last monthly unemployment report before the November 3 election in which President Donald Trump seeks his re-election based mainly on the good situation of the economy and employment before the onslaught of the pandemic.

His electoral rival, former Democratic Vice President Joe Biden, has promised economic recovery programs that he says will create millions of jobs in sectors such as environmental protection, infrastructure and renewable energy sources.

The Bureau of Labor Statistics reported Thursday that in the week ending September 19, conventional unemployment benefit was paid to 11.76 million people, compared with 12.74 million the previous week.

Applications for the conventional subsidy have decreased substantially since they reached 6.8 million in the last week of March, but in recent weeks they have remained above 800,000, this is four times more than the figures in the months prior to the COVID-19 pandemic.

In September there were 19.4 million people who indicated that they could not work because their employers had closed or lost their businesses due to the pandemic. These people had not worked at all or had worked fewer hours than normal at some point in the past four weeks due to the pandemic.

Filed Under: Unemployment Second Week of October

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Filed Under: Unemployment Second Week of October

The post Weekly claims for unemployment benefits stand at 840,000 appeared first on Hispanic World.