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Home https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ Business https://server7.kproxy.com/servlet/redirect.srv/sruj/smyrwpoii/p2/ US weekly jobless applications totaled 227,000 versus the expected 219,000

US weekly jobless applications totaled 227,000 versus the expected 219,000



The number of Americans who applied for unemployment benefits has not unexpectedly changed at the five-month threshold last week, suggesting some easing in the labor market.

Initial applications for state unemployment benefits stagnated at 227,000 seasonally adjusted weeks ending on November 16, the highest level since June 22, the ministry said on Thursday. The figures for the previous week were revised to show 2,000 more applications received than previously reported. The Labor Ministry said last week only estimated entitlements to Pennsylvania were estimated.

The four-week moving average of initial entitlements was considered to be a better measure of labor market trends as it eased week-to-week volatility, increasing by 3,500 to 221

,000 in the last week.

The claims data were related to the week in which the government surveyed business entities for the wage component without wages in the November employment report. The average of four-week receivables increased by 2,250 between the October and November weeks of the survey.

Although this would indicate a small change in earnings this month, employment growth will be supported by a return to wages of approximately 46,000 General Motors workers. [19659002] A 40-day strike at car factories in Michigan and Kentucky in October contributed to withholding wage gains for 128,000 jobs.

Job growth slowed this year, an average of 167,000 per month compared to an average monthly increase of 223,000 jobs. 2018, partly because of the 16-month trade war between the United States and China, which is exacerbating demand and labor shortages.

The minutes of the Federal Reserve political meeting of 29-30 October, published on Wednesday, showed that while officials at the US Central Bank considered labor market conditions still strong, they also acknowledged the slowdown in job growth.

Policymakers attributed a reduction in recruitment to workers' shortages and also considered it to be an "indicator of some cooling in labor demand" in line with the recent decline in job vacancies.

The Fed cut rates this year for the third time this month, signaling a pause in the release cycle that began in July. when, for the first time since 2008, it reduced the cost of borrowing.

The quarterly receivables report also showed that the number of people receiving benefits after the initial week of aid increased by 3,000 to 1.70 million per week ending November 9. diameter continued receivables also received 3,000 to 1,69 million.


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