Thursday , November 26 2020

Unexpected increase in US unemployed claims last week

The number of applications for unemployment benefits in the United States during the week ended November 10 increased unexpectedly.
The US Department of Labor reported on Thursday that the number of applications for unemployment benefits for the first time amounted to 216,000 last week, with 2000 from the previous week, according to mismatched data, with 214,000 applications, while Analysts had expected that demand would fall to 212,000.
At the same time, the US Labor Department reported that the average number of weekly orders over the past four weeks was up to 21,500, an increase of 1,500 from the previous week to 21,350.
The US Department of Labor added that the number of continuing unemployed claims increased by 46,000 to 1,676 million a week ending November 3.
The average number of unemployed claims over the last four weeks increased to 1, 643750, an increase of 8750 from the previous week, with 1 million and 635,000 applications.

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