Economic data published today, Thursday, showed a slight and unexpected decline in the number of requests for unemployment during the past week to remain at its historical low levels, which confirms the strength of the American labor market while parts of other American economy suffer from slowdown.
Bloomberg news agency quoted the weekly statement of the US Department of Labor as saying that the number of requests for a unemployment subsidy for the first time fell during the past week ending on November 12 by 4000 requests to 2222 thousand requests, while the average expectations of analysts whose Bloomberg polled were 228 thousand requests new.
At the same time, the number of obtaining a continuous unemployment subsidy increased during the week ending November 5 by 13 thousand requests to 1. 51 million requests. If this upward trend continues to requests, it will indicate the high number of Americans who remain without work for a long time.
Despite the strong efforts of the Federal Reserve Council to slow down the economy with the aim of curbing inflation, employers are still employing new workers at a strong pace..
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