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Economics Gazette

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September 21, 2019

US jobless claims remained unchanged last week at 245,000

US jobless claimsThe US jobless claims remained unchanged last week at 245,000, which is relatively low value showing a healthy labor market. The Labor Ministry reported on Thursday that the average four-week number, which removed the big fluctuations of the weekly application, rose by 1,750 to 237,750.

The claims for unemployment benefit are an indicator of redundancies and a figure below 300,000 is considered to be low in a historical context. Many employers find it difficult to hire staff for their new positions and are motivated to maintain their workforce.

A total of about 1.94 million people receive unemployment benefits, which is 7,000 more than in the previous week.

The strong economic growth stimulates appointments. The market is near full employment, with unemployment in the US at 17-year minimum of 4.1%. This, as well as the rising economy, inspired the Federal Reserve to reassure the main interest rate for the third time this year two weeks ago. The US Central Bank expects three increases in interest rates over the next year.

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