Monday, December 4, 2023

Weekly applications for US unemployment benefits rise to 231,000 applications

Initial requests for unemployment benefits in the United States reached a total of 231,000 applications last week, representing an increase of 13,000 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 1.865 million in the week ending November 4, representing an increase in the number of beneficiaries of 32,000 people compared to 1.833 million in the previous week. In the same comparable period in 2022, the number of citizens with benefits reached 1,454 million.

The main increases occurred in the States of California (2,910), New York (2,245), Pennsylvania (1,704), New Jersey (1,689), and Texas (1,522), while the most pronounced decrease was recorded in Oregon (-2,529), Kentucky (-788), North Carolina (-522), Oklahoma (-108), and Mississippi (-107).

The unemployment rate in the US rose on the tenth of October and rose to 3.9%, while 150,000 non-agricultural jobs were created, a figure below the 297,000 new positions created in the ninth month of the year.

The number of unemployed reached 6,506 million in October compared to 6,360 million in September, including 1,282 million long-term unemployed (those without work for 27 weeks or more), representing 19.7% of the total number of unemployed citizens.

For its part, the number of people working part-time for economic reasons increased by 218,000 to 4.283 million in October. Likewise, the labor force participation rate stands at 62.7%, so it remains a tenth.

World Nation News Desk
World Nation News Desk
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