Milan, 20 Aug. (LaPresse) – The US Department of Labour has reported that claims for unemployment benefits fell to 206,000 last week, compared with 212,000 (revised figure) the previous week. Claims for unemployment benefits are an indicator of redundancies and are monitored by economists as they can foreshadow labour market trends. Over the past year, the number of claims has remained at historically low levels, fluctuating between 200,000 and 230,000 per week.” “The labour market has not yet shown any signs of weakness following the surge in oil prices since the start of the conflict with Iran and the global shock to energy supply,” wrote Carl Weinberg, chief economist at High Frequency Economics, in a commentary.
US: Jobless claims fall to 206,000
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Milan, 20 Aug. (LaPresse) – The US Department of Labour has reported that claims for unemployment benefits fell to 206,000 last week, compared with 212,000 (revised figure) the previous week. Claims for unemployment benefits are an indicator of redundancies and are monitored by economists as they can foreshadow labour market trends. Over the past year, the number of claims has remained at historically low levels, fluctuating between 200,000 and 230,000 per week.” “The labour market has not yet shown any signs of weakness following the surge in oil prices since the start of the conflict with Iran and the global shock to energy supply,” wrote Carl Weinberg, chief economist at High Frequency Economics, in a commentary.
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