US applications for jobless benefits up modestly but remain at a healthy level
WASHINGTON (AP) – The number of Americans applying for unemployment aid increased last week in a modest way, which shows that employers still protect workers despite the economic uncertainty on US trade policy.
The Ministry of Labor claimed that the week ended on 2 August increased by 7,000 to 226,000.
The report has been released since Friday, the first government labor market data. Grim July Job Report 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 remain low compared to historical standards, Recognizing 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 in May and June work figures have done 258,000 jobs from previous estimates and the unemployment rate rose from 4.1% to 4.2%.
Many economists Trump Irregular Tariff Presentation In April, it created uncertainty for employers who are reluctant to expand their payrolls.
Grim Jobs data increased Trump’s anger, claiming that the data was manipulated for political reasons and ordering to shoot. Erika McentarferHead of the Bureau of Statistics, which produces monthly business figures.
Fire Round criticized by economistsTogether with Wall Street investors, they have long seen business figures as reliable. 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.
BLS 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.
In a government report last week, there was another indication that the labor force market softened. Employers published 7.4 million labor gaps in JuneIn May, it fell from 7.7 million. 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 business deductions this year. Procter & Gamble– Dow– Cnn– Starbucks– Southwest Airlines– Microsoft– Google and facebook parent company Meta. Latest, Intel And Walt Disney Co. Personnel discounts have been announced.
Most of Trump’s recommended taxes on imports started on Thursday. Some agreements were made And other deadlines to negotiate expanded. 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 from the highest level to 38,000 since November 2021.
