the Number of applications for unemployment benefits in the U.S. last week fell more than expected, and reached the lowest level since mid-April 2019.
the Number of American citizens who first applied for unemployment benefits for the week to 1 February fell by 15 thousand to 202 thousand, according to the U.S. Department of labor.
According to revised data, a week earlier had filed 217 thousand applications, not 216 thousand, as originally reported.
Analysts surveyed by Bloomberg predicted the decline in the number of requests per 1 thousand with the previously announced level up to 215 thousand
the Average number of applications over the past four weeks, a less volatile measure, last week declined by 3 thousand to thousand 211,75 Index also reached its lowest level since April.
the Number continuing to receive unemployment benefits residents of the United States for the week ended 25 January, increased by 48 thousand and amounted to 1.75 million. The figure recorded for the first time this year.
the US labor Market is considered close to full employment.
the Number of jobs in the U.S. economy in December increased by 145 thousand While the unemployment rate remained unchanged at 3.5%, the lowest since December 1969.
unemployment is Low and wage growth have supported consumer spending in the United States.