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Applications for unemployment benefits in the US rose to the highest since the end of January


Mai, 19 2022
watermark Economic news

According to a report by the US Department of Labor, the number of Americans who applied for unemployment benefits for the first time increased by 21 thousand last week – up to 218 thousand people. This was the highest level since the end of January.


The indicator of the previous week was revised downwards: the number of requests amounted to 197 thousand, not 203 thousand, as previously reported.


Analysts on average expected a reduction in the number of applications to 200 thousand from the previously announced level.


The average number of applications for benefits over the past 4 weeks has increased to 199.5 thousand from a revised 191.25 thousand.


The number of Americans continuing to receive unemployment benefits for the week ending May 7 fell to 1.317 million from a revised 1.342 million in the previous week. This was the lowest figure since the end of December 1969. Analysts predicted a decrease of 23 thousand to 1,320 million.


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Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.