WASHINGTON: The number of people who seek unemployment benefits goes down last week for the fourth consecutive time to a low pandemic, the latest sign that the American job market rebounds from a recession of a pandemic when employers increase the surge in consumer demand.
The Labor Department reported Thursday that unemployment claims fell 29,000 to 348,000.
On average four weeks of claims, which soften the volatility of Sunday to Sunday, also fell – by 19,000, just below 378,000, also a low pandemic.
The weekly application rate for unemployment assistance has fallen more or less continuously since reaching 900,000 in early January.
The number of complainants of unemployment claims first coincided with the widespread vaccine administration, which has led the business to reopen or expand their hours and attract consumers back to shops, restaurants, airports and entertainment venues.
However, the number of applications remains high by historical standards: before the pandemic ripped the economy in March 2020, weekly speed amounted to around 220,000 a week.
And now there is concern that a very contagious Delta variant can disrupt the economic recovery of a short but intense recession last year.
Some economists have begun to mark their estimates for this quarter growth because of several measures of economic activity, such as air travel, it has begun to weaken.
Submission for unemployment benefits is traditionally seen as a real-time size of the health market health.
But their reliability has deteriorated during a pandemic.
In many countries, weekly numbers have increased by fraud and with many submissions from unemployed Americans when they navigate bureaucratic obstacles to try to get benefits.
These complications help explain why the application rate remains relatively high.
With all accounts, the labor market has rebounded with strength since economic activities paralyzed last year and employers cut more than 22 million jobs.
The United States has since recovered 16.7 million jobs.
And employers have added a number of jobs that have increased for three consecutive months, including 943,000 strong in July.
Meanwhile, the employer has posted a record of 10.1 million openings, and many complains that they cannot find enough applicants to fill their open positions.
Some blame the additional unemployment of the benefits of the federal government – including $ 300 per week on regular state assistance – because it shrinks some unemployed than looking for work.
In response, many countries have been withdrawn from the federal program, which ends nationally next month.
Economists show other factors as well, which has made several people on the sidelines of the labor market.
They include difficulty finding or paying attention to children, fear of being infected by viruses at work and the desire of some people to find better work than before before the pandemics triggered a widespread layoffs.
Whatever the cause, the economy still reached 5.7 million jobs about the amount in February 2020.
And with the US recorded an average of more than 100,000 new Covid-19 cases a day from 12,000 at the end of June – Delta variant was getting cloudy against the remaining prospects This year.
More than 2.8 million received traditional state unemployment benefits on August 7, down 79,000 from the previous week and the lowest since the pandemic hit.
Including the federal benefits, 11.7 million received several types of unemployment benefits on Sunday 31 July, down from 28.7 million per year earlier.
The decline is the result, in part, the increasing number of people working and no longer receives unemployment assistance.
But it also reflects the cancellation in many countries the federal unemployment assistance program for self-employed and separate programs for long-term unemployment.