WASHINGTON – The number of Americans applying for unemployment benefits has fallen to its lowest level since the onset of the epidemic, indicating that the job market is still improving, although jobs have improved in the past two months. I have decreased.
Unemployment claims fell to 293,000 last week from 36,000, the second consecutive drop, the Labor Department said Thursday. This is the smallest number of people applying for benefits since the epidemic intensified in March 2020. Unemployment aid applications, which typically track the pace of dismissal, have been falling steadily since last spring as many businesses struggling to find jobs are holding back their workers. Are
Recruitment has slowed over the past two months, with companies and other employers posting record numbers of open jobs. Entrepreneurs are struggling to find work because about three million people lost their jobs and quit looking for work because epidemics have not yet resumed their job search. Economists hope more people will find work in September as schools reopen, barriers to child care are reduced and unemployment relief rises across the country.
But not picked up, employers added only 194,000 jobs last month. In a bright spot, the unemployment rate fell from 5.2 percent to 4.8 percent, although some of it fell as many of those who were out of work stopped looking for jobs and now Unemployment does not count.
At the same time, Americans are leaving their jobs in record numbers, with about 3 million workers doing so in August. Workers are likely to quit their jobs, especially in restaurants, bars and hotels, possibly motivated by a variety of COVID-19 delta fears, which were still spreading rapidly in August.
Other workers may stop taking advantage of the higher wages offered by businesses with open positions, or quit their jobs because it is difficult for very young children to go to school and take care of children.