The number of Americans seeking unemployment benefits increased more than the previous week but remained at historically high levels as the coronavirus crisis continued.
Last week’s 730,000 initial unemployed claims brought the COVID-19 epidemic to a total of about 79.6 million – a figure equivalent to about half of the American workforce.
According to Thursday’s US Labor Department report, the latest sawdust fell from last week’s revised total of 841,000 and beat economists’ expectations for 835,000 sawdusts.
“Useless claims should decline gradually
Due to expectations of growth in the coming weeks, ”said Bloomberg economist Eliza Winger.
But new claims now remain above pre-Kovid records of 695,000 for 49 consecutive weeks – a sign that the job market is struggling to boom as the global epidemic approaches its first anniversary.
Economists said that last week’s heavy winter storm has been affected by the storms in Texas and other southern states last week.
The latest data came a week before the Fed’s monthly job report for February. According to Wrightson ICAP, the US economy is expected to add 100,000 jobs, with a growth of 49,000 in January this month.