By Ivan Maltsev
The number of requests reached the lowest level since mid-March 2020.
ON Thursday, the U.S. Department of Labor reported that the number of initial applications for unemployment benefits in the country declined last week, reaching the lowest level for the second week in a row since the beginning of the coronavirus pandemic.
Last week, 290,000 unemployed people applied for benefits, which is 6,000 less than the revised figure for the week before last. The government said this was the lowest figure since mid-March last year.
This figure indicates that the U.S. economy continues to recover after the crisis, although the authorities express concern about other alarming signals.
The increase in jobs over the past two months had sharply decreased compared to June and July when a total of more than 2 million jobs were added in the country.
At the moment, there are about 8.4 million unemployed people in the United States. There are 10.4 million jobs available in the country. Still, the skills of existing workers often do not meet the requirements of employers, or vacancies are opened not where the unemployed live. In addition, many of the available jobs are low-paying service positions that the unemployed avoid.