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, even in the last 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 applicants for the benefit since the week of March 14, 2020, when the epidemic intensified, and claims fell below 300,000 for the first time. 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
Job losses otherwise fall into the middle of an extraordinary job market. 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 nutshell, the unemployment rate fell from 5.2 percent to 4.8 percent, although some of it has fallen because many people have stopped looking for jobs, and now they are out of number. There is no employment. The proportion of women working or looking for work fell in September, possibly due to childcare difficulties or schools affected by the outbreak of Covid 19.
At the same time, there are Americans. Record quitting your job, About 3% of workers do this 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 potentially open-ended businesses. Average hourly wages were 4.6 percent healthier in September than a year earlier, and wages for restaurant employees rose 10 percent last year.
The number of people receiving unemployment benefits has also fallen sharply, mostly because two emergency unemployment relief programs have ended. For the week ending September 25, the latest figures are available, with 3.6 million people receiving some form of unemployment benefit, down from 4.2 million in the previous week. A year ago, about 25 million people were receiving benefits.
Emergency programs for the first time provided unemployment benefits to self-employed and Jig workers and those who had been out of work for more than six months. More than 7 million Americans lost weekly funding when the two programs expired on September 6.
Many business executives and Republican politicians said the extra $ 300 was discouraging them from firing. Yet in about half of the states, the additional checks were cut off in mid-June, and those states did not see a faster increase in employment than those with benefits.