Friday, March 1, 2024

Weekly applications for US unemployment benefits fell by 187,000 applications

Initial requests for unemployment benefits in the United States reached a total of 187,000 applications last week, representing a decrease of 16,000 people compared to the previous data, according to data published on Thursday by the Department of Labor.

In the week ending January 6, the recipients of this benefit amounted to 1.806 million, corresponding to a decrease in the number of beneficiaries of 26,000 people compared to 1.832 million in the previous week. In the same comparable period of 2023, the number of citizens with benefits reached 1,634 million.

The main increases occurred in the States of New York (20,535), California (9,454), Texas (9,337), Georgia (6,261), and South Carolina (4,152), while the most pronounced decrease was recorded in New Jersey (-4,044), Massachusetts (-3,341), Connecticut (-2,896), Iowa (-1,847), and Pennsylvania (-1,566).

The unemployment rate in the US remained stable in December at 3.7%, while 216,000 non-agricultural jobs were created, a number higher than the 173,000 new positions created in the penultimate month of the year.

The number of unemployed reached 6,268 million in the last month of the year, compared to 6,262 million in November, including 1,245 million long-term unemployed (those without work for 27 weeks or more), which represents 19.9% ​​of the total unemployed.

For its part, the number of people working part-time for economic reasons increased by 217,000, to 4.211 million. Likewise, the labor force participation rate stands at 62.5%, leaving three-tenths behind.

World Nation News Desk
World Nation News Desk
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