Applications for Unemployment Benefits Increased in the USA

The number of applicants for unemployment benefits in the USA was 745 thousand last week.

Applications for unemployment benefits have increased in the USA. The number of applicants for unemployment benefits in the country increased by 9 thousand last week to 745 thousand. According to the data released by the Ministry of Labor, the number of applicants for unemployment benefits in the week ending February 27 increased by 9 thousand to 745 thousand. Economists who participated in the survey prepared by Bloomberg had a median estimate of 750 thousand. Applications increased the most in Texas with 17,800. Ongoing applications fell from 4.4 million to 4.3 million in the week ending February 20. The figures worse than the expectations indicate that the negative effects of the coronavirus epidemic on the economy continues. However, with the decline in the number of cases and the distribution of the coronavirus vaccine to the masses, the economy is expected to recover in the coming months. It is expected that the non-agricultural employment data, which is planned to be announced tomorrow in the USA, will increase by 198 thousand and the unemployment rate will realize at the rate of 6.3 percent.