Considerably Fewer Claims for Benefits in the US
Last week, 787,000 Americans filed for unemployment benefits, which is significantly less than the week before. This was announced by the US Department of Labor.
That week’s figure was revised to 842,000 from a previously reported 898,000.
Economists expected, on average 870,000 new applications. Due to the corona crisis, tens of millions of people in the United States have already called on the social safety net in recent months.
The fact that hundreds of thousands of Americans come to the government every week for benefits can be explained by the significant reorganisations of companies that are affected by the crisis.
Since mid-March, the number of claims for benefits in the US has been above 1 million for months due to the corona crisis.
Only in August did the number of applications in a week just drop below that for the first time. Since then, the decline has slowly continued.