The number of unemployment benefits in the US remained close to the low levels of many decades this week, despite the small increase.
In particular, in the week ended April 9, 185,000 Americans applied for unemployment benefits, compared to the revised 167,000 the previous week and analysts’ estimates of 170,000 new applications.
At the same time, applications for continued benefits amounted to 1.475 million in the week ended April 2, down from 1.523 million in the previous week, while it was lower than analysts’ estimate of 1.5 million.
Although new unemployment benefits have risen slightly more than expected, they are still close to the 54-year low recorded earlier this month.
Characteristically, the average number of new applications in 2019 before the pandemic was around 218,000 per week, while when the pandemic broke out in April 2020, they had even exceeded 6.1 million.
Source: Capital
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