US applications for jobless benefits up modestly
The number of Americans applying for unemployment allowance increased slightly last week, which shows that despite the economic uncertainty of US trade policy, employers still protect workers.
The Labor Department rose to 7000 to 226,000 of the week, which ended on August 2,.
The report has been published since the GRIM July Job Report on Friday, the first government labor market data. The financial markets moved down and encouraged President Donald Trump to expel the head of the agency, who said the monthly number of jobs.
The weekly applications for unemployed benefits are seen as a proxy for the US layout, and COVİD-19 was often historically between 200,000 and 250,000, as it has cut the economy in the spring of 2020.
Second aid applications rose for the second time in eight weeks.
While layoffs remained low compared to historical standards, there was a significant deterioration in the labor market this year.
Last week, the government reported that US employers added only 73,000 jobs in July and shortly after the expected 115,000.
Worse, the revisions of May and June Jobs, 258,000 of the previous estimates, has done a striking job and the unemployment rate rose from 4.1 percent to 4.2 percent.
Many economists claim that Trump’s irregular tariff presentation in April creates uncertainty for growing employers reluctant to expand their payrolls.
Grim Jobs data ordered the firing of Erika Mcentarfer, President of the Bureau of Statistics, who claims that the data was manipulated for political reasons and produces monthly business figures.
The ignition was rounded by economists who have long been reliable with Wall Street investors.
When the stock and bond markets are released, they usually react sharply.
The US markets returned last week’s job report, and Dow Jones Industrial scored more than 600 points on Friday.
The Working Statistics Office does not contribute to the weekly unemployment advantages report except to calculate annual seasonal adjustments that take into account the changes in air, holiday and school programs.
The employment and education administration of the Ministry of Labor collects the demands of weekly unemployment insurance reported by each state.
Last week, there was another indicator of the softening of the labor market in a government report, which showed that employers published 7.4 million labor gaps from 7.7 million in May in May.
The number of people who have left their jobs – a sign of trust in finding a better job – in June to the lowest level since December.
Recruitment fell from May.
Large companies announced this year, including Procter & Gamble, Dow, CNN, Starbucks, Southwest Airlines, Microsoft, Google and Facebook’s parent company Meta. Most recently, Intel and Walt Disney Co announced the discounts of the staff.
Although Trump’s harsh taxes proposed in imports began on Thursday, most of the deadline, some agreements were made and other deadlines were expanded to negotiate.
Unless Trump has reached agreements with countries to reduce tariffs, economists are afraid that they can act as a drag to the economy and cause another increase in inflation.
The report on Thursday also showed that the four -week allegations that soften a part of the volatility from week to week have dropped from 500 to 220,750.
The total number of Americans who collected unemployment benefits for the previous week of July 26 has increased to 1.97 million with an increase of 38,000 to the highest level since November 2021.
