US weekly jobless claims increase to 745,000

US weekly jobless claims increase to 745,000

Washington: Initial unemployment claims in the US rose to 745,000 last week, a sign of stalled recovery in the labor market, the Labor Department reported.
In the week ending February 27, according to a report released Thursday by the department’s Bureau of Labor Statistics, the number of Americans filing for unemployment benefits increased from the previous week’s 9,000 to a revised level of 736,000.
According to the report of the news agency Xinhua, the latest claims report said that the number of people regularly collecting unemployment benefits in the state has come down from 124,000 to below 4.3 million in the week ending February 20.
Meanwhile, for the week ending February 13, the total number of people claiming benefits in all programs, state and federal combined, declined from 1 million to 18 million as the country struggled with a growing decline of Kovid-19 cases. Used to be.
The claims report came one day before the monthly employment report.
US employers added just 49,000 jobs in January, after revising 227,000 jobs in December 2020, according to earlier figures from the Department of Labor.

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