The number of Americans applying for unemployment benefits has increased more than expected last week, but there are still no signs of a significant leap in layoffs even when economic growth shifts to a lesser extent. for the week ending June 22, increased by 10,000 to seasonally adjusted 227,000, the Ministry of Labor announced. Previous week's data was reviewed to show 1000 more received applications than they had been reported earlier.
Economists surveyed by Reuters predicted an increase in claims to 220,000 in the last week. The Labor Department claims that the California and Mississippi claims have been assessed.
In the coming weeks, claims may rise even further as car manufacturers temporarily stop assembly plants for summer retrofitting. Companies are closing the factories at different times, which can throw away the model the government is using to eliminate seasonal fluctuations in data. USA and China. Growing risks to economic growth from the war and low inflation have led to the Federal Reserve signaling a fall in interest rates in July last week. Trends that dampen week-to-week fluctuations rose from 2,250 to 221
Despite the main strength of the labor market, the wider economy is slowing down. Production has collapsed, the trade deficit is rising again, consumer confidence decreases, and the housing sector remains mired in a soft patch. Fourth June. The economy grew by 3.1% faster in the first quarter, following a temporary increase in exports and stockpiling. the week ending 15 June. The four-week sliding average of the so-called continuing claims gained 6.500 to 1.69 million. The four weekly average of the applications rose by 13,000 between the weeks of a survey in May and June, suggesting a small change in the unemployment rate, which is about a minimum of 50 years of 3.6%.