The recent and unexpected drop in the number of Americans filing for unemployment benefits shows that there are still plenty of job prospects available, despite the relatively low unemployment rate and rising interest rates.
The Ministry of Labor said Thursday, October 20, that the requests submitted for the first time to obtain government unemployment subsidies fell to a rate in light of seasonal factors amounted to 214 thousand in the week ending October 15.
In order to reflect the lower number of requests than had been originally announced, the data for the prior week was changed.
According to economists who have been polled, 230,000 requests were anticipated for the most recent week.
According to the government, there were 10.1 million job openings on the last day of August, a 1. 1 million opportunity reduction, the biggest since April 2020.
Wide-scale expiration experts do not expect widespread labor and say that companies are afraid to abandon their employees after difficulties in employment in the past year after the Kofid-19 pandemic forced many to get out of the labor market for reasons, including long-term side effects of the virus.
According to the statistics on unemployment benefits, there were 21 thousand more recipients of benefits after the first week, showing an increase in employment.
In the week ending October 8, 385 million.
US unemployment claims decreased to 214,000 claims
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