Unemployment Claims Decreased in USA

Due to the coronavirus epidemic, unemployment applications in the USA, which went through a troubled period in terms of health as well as economy, declined. With the coronavirus epidemic showing its effect in the USA, many people lost their jobs and income. However, the number of applicants for unemployment benefits exceeded 40 million. Applications, which experienced a significant decline with the start of the normalization process in the country, fell to 1.3 million a week ending July 11. According to data released by the US Department of Labor, the number of applicants for unemployment benefits fell to 1.3 million from the week ending July 11. The expectation for the applications was 1.25 million. Ongoing applications fell by 422 thousand in the week ended July 4, down to 17,338 million. However, the previous week's unemployment benefits were reorganized 4 thousand downwards and recorded as 1.31 million. Applications were around 200,000 in February before the epidemic. Following the shared data, US 10-year bond rates and futures index contracts continued to decline.