Home World News The number of Americans applying for unemployment benefits for the first time last week was the largest number of consecutive job losses since January.

The number of Americans applying for unemployment benefits for the first time last week was the largest number of consecutive job losses since January.

0
The number of Americans applying for unemployment benefits for the first time last week was the largest number of consecutive job losses since January.

Labour DepartmentOn the 4th, it was announced that the number of people applying for unemployment benefits for the first time in the latest week (ending March 30) was 221,000, up from the estimated 214,000, and up from 212,000 the previous week. is the most. Since January this year; However, the number of people continuously applying for unemployment benefits (as of March 23) was 1.791 million, below the expected 1.811 million, and also down from 1.81 million last week.

The number of layoffs in March increased by 0.7% compared with the same period last year, significantly less than the 8.8% increase in January.

A day earlier, the ADP agency announced on the 3rd that the US private sector in MarchemploymentThe increase of 184,000 people was the largest since July last year, better than the 155,000 (revised) number in February and the 148,000 economists had expected, showing the labor market remains strong.

The wage increase for laid-off workers stood at 10%, up from 7.6% in February, which may not bode well for the Federal Reserve (Fed)’s efforts to curb inflation. Wages for workers who kept their jobs increased 5.1% year over year, the same pace as February.

“Inflation is coming down, but our data shows that wages in the goods and services sector are rising,” said Richardson, ADP’s first-time economist.

Other than this,Ministry of CommerceThe same day it was announced that the trade deficit in February was US$68.9 billion, larger than the US$67.6 billion expected in January.

Finance(TagstoTranslate)Ministry of Labor(T)Employment(T)Ministry of Commerce