Riverside, California 2021-09-16 09:39:20 –
Employment markets and the wider economy have slowed in recent weeks due to delta variants.
Washington — The number of Americans seeking unemployment benefits increased from a pandemic low to 332,000 last week. This indicates that exacerbation of COVID infection may have increased layoffs slightly.
The number of unemployment assistance applications increased from 312,000 last week. The Ministry of Labor said Thursday. Unemployed claims, which generally track the pace of layoffs, have been steadily declining for two months as many employers struggling to fill their jobs hold their workers. Two weeks ago, unemployed billing reached its lowest level since March 2020.
The increase is small and can be temporary. The four-week average of unemployment claims, which smoothes fluctuations in weekly data, was just below 336,000 for the fifth straight week, the lowest since the pandemic began.
Aside from this, Reported by the Department of Commerce Its retail sales increased 0.7% unexpectedly last month. This indicates that Americans continued to spend, despite an increase in cases of coronavirus. But how they spent is changing with the pandemic. Online shopping surged in August, but spending at restaurants, bars and other crowd-dependent businesses seems to be holding up.
Louisiana has seen a surge of 4,000 unemployment aid applications. This shows that hurricane Ida has led to widespread unemployment in Louisiana.Ida Probably hurt economic growth In the current July-September quarter, repair and reconstruction efforts are expected to make up for some in the coming months.
Still, Aida closed oil refineries in Louisiana and Mississippi about two weeks ago, supplying less than a million homes and businesses with electricity. However, Aida’s influence was limited. Applications for unemployment assistance have declined slightly in Mississippi.
The job market and the wider economy have slowed in recent weeks due to Delta variants that discourage many Americans from traveling, staying in hotels, or eating out. Earlier this month The government reported that employers added only 235,000 jobs In August, after adding about 1 million people in both June and July.
August recruitment plummeted in industries that require direct contact with the general public, especially restaurants, hotels and retailers. Still, with some additional jobs in other areas, the unemployment rate actually dropped from 5.4% to 5.2%.
The steady decline in weekly applications for unemployment benefits is consistent with a reduction in aid to unemployed Americans. Last week, more than 8 million people lost all their unemployment benefits after the expiration of two federal programs for gig workers and those who have been unemployed for more than six months. These emergency programs were created in March 2020, when the pandemic first hit the economy.
An additional 2.7 million people with regular state unemployment assistance lost $ 300 a week in federal unemployment supplements last week.
How many sought unemployment aid last week? Source link How many sought unemployment aid last week?