Decline in US jobless claims

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Washington – Reuters:

The number of Americans filing for new unemployment benefits decreased from last week, indicating increased job growth this month even though companies are still looking for workers.

The US Labor Department said yesterday: The total government jobless claims submitted for the first time reached an average level in light of seasonal factors at 444,000 applications for the week ending May 15, compared to 478,000 the previous week. This was the lowest level since mid-March 2020.

Economists polled by Reuters had forecast 450,000 applications in the most recent week. Requests are still well above the 200-250 thousand range, which are indicators associated with good conditions in the labor market. Orders had fallen from the record high recorded in early April 2020 at 6.149 million.

Employers in all sectors, from manufacturing to restaurants and bars, are looking for workers even though nearly 10 million Americans are unemployed.





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