Applications for Unemployment Benefits in the USA at the Lowest Level After 4 Months

The number of applicants for unemployment benefits in the US has seen the lowest level since November 2020.

Applications for unemployment benefits in the USA were announced at the lowest level after 4 months. According to the data announced by the Ministry of Labor, the number of applicants for unemployment wages in the USA decreased by 42 thousand in the week ending March 6 and reached 712 thousand. This figure was recorded as the lowest level seen since the first days of November. The average estimation of the economists who participated in the Bloomberg survey was that there were 725 thousand applications. Ongoing applications also declined by 193 thousand in the week ending February 27, to 4.1 million. This level was recorded as the lowest level seen since the epidemic. The largest decreases in applications occurred in New York, Texas and Mississippi, while the largest increase was in California. The acceleration of coronavirus vaccination studies and the relaxation of quarantines in some regions were effective in the decrease in unemployment pension applications. It is estimated that the $ 1.9 trillion economic support package, which is expected to be signed by US President Joe Biden, will support employment.