The number of people applying for unemployment benefits has plummeted

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The number of people applying for unemployment benefits has plummeted

A week earlier, the number of Americans applying for unemployment benefits in the US was 1.897 million.

In the United States, the number of Americans first applying for unemployment benefits last week fell by 355,000. This is stated in the report of the US Department of Labor. Thus, the number of applicants for the allowance for the specified period amounted to 1.542 million people.

This is the minimum figure since the onset of the crisis caused by the coronavirus pandemic.

According to revised data, a week earlier the number of calls was 1.897 million, not 1.877 million, as previously reported.

Experts expected a fall in the number of applications last week to an average of 1.55 million, according to Trading Economics. MarketWatch Respondents Predicted 1.58 Million

Meanwhile, along with the usual applications for unemployment benefits last week, 705.6 thousand applications were submitted as part of the interim federal assistance program introduced after the pandemic began. Forty-two states provided data on such applications that people who are not eligible to apply for standard benefits (for example, self-employed) can apply.

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The total number of applicants for unemployment benefits in the United States since March 21 is 44.2 million. A weekly peak of almost 7 million applications was recorded in the last week of March.

Earlier it was reported that in the US last month, unemployment fell to 13.3% from a record 14.7% in April.