Wednesday, December 6, 2023

Weekly applications for US unemployment benefits rise to 210,000 applications

Initial requests for unemployment benefits in the United States reached a total of 210,000 applications last week, representing an increase of 10,000 people compared to the previous record, according to data published today Thursday at the Department of Labor.

The recipients of this subsidy added a total of 1.790 million in the week ending October 14, representing an increase in the number of beneficiaries of 63,000 people compared to 1.727 million in the previous week. In the same period of 2022, the citizens with benefits reached 1,391 million.

The main increases occurred in the States of Tennessee (1,111), Kentucky (374), Virginia (277), Wisconsin (90) and North Carolina (22), while the most pronounced decrease was recorded in Texas (-3,108) , California (-2,050), New York (-1,990), New Jersey (-1,460) and Georgia (-1,023).

The unemployment rate in the US did not experience any change in September and remained at 3.8%, while 336,000 non-agricultural jobs were created, a figure higher than the 227,000 new positions created in the eighth month of year.

The number of unemployed reached 6.360 million in September compared to 6.355 million in August, including 1.216 million long-term unemployed (those without work for 27 weeks or more) representing 19.1 % of the total number of unemployed citizens.

For its part, the number of people working part-time for economic reasons fell by 156,000, to 4.065 million in September. Likewise, the labor force participation rate stood at 62.8%, unchanged.

World Nation News Desk
World Nation News Desk
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