Useless claims in the US have dropped dramatically since 1969 | Unemployment Issues

If the forecast is continued before the epidemic, it could increase the Federal Reserve’s ability to accelerate the rise of bonds and raise interest rates.

The demand for unemployment in the US dropped last week to an unprecedented level since 1969, which if continued could be a key factor in the recovery of the labor market.

The first reports of unemployment in government programs have always been down by 71,000 to 199,000 climate change in the last week Nov. 20, Department of Labor data showed Wednesday. A median comparison in the Bloomberg survey of economists demanded that 260,000 people use it.

However, a much lower decline than expected can be explained by the way the government changes raw data over climate change. Wrightson ICAP chief economist Lou Crandall pointed out in a recent statement that current events are expected to rise sharply on unchanged claims compared to the same period last year as the labor market suffered.

“This is a climate change. A lot will change next week,” Crandall said after his release.

Prior to climate change, the first non-working demand last week rose to around 18,000.

The futures of the US equity-index continued to decline, and the Treasury declined after idle data as well as a special report on stocks that showed a decline from last month. The Bloomberg dollar index did not rise.

If the forecast is met at the pre-epidemic level, it could increase the likelihood that Federal Reserve officials will accelerate the increase in bonds and consider raising interest rates as soon as they complete their purchases in 2022. Thirty years later I found a job in October.

Complaints stood at 216,000 at the end of February 2020 leading to the launch of Covid-19 in the US, bringing the number of applicants to 6.1 million in early April 2020. Americans returned to work. In addition, the benefits of unemployment in the federal epidemic ended on September 6 in all states.

Even so, millions of Americans are still choosing to stay away, frustrating their employers who are desperate to fill the vacancies they are about to fill. Caring for children remains a major challenge for working parents, especially when Covid cases re-emerge in many states and disrupt personal learning.

The October job report shows that wages rose 531,000 after a sharp increase over the past two months. Economists want a half-million increase in November, which will be announced on Dec. 3.