The number of Americans filing for unemployment benefits dropped below 2 million last week for the first time since mid-March, but remains astonishingly high as companies adjust to an environment that has been significantly changed by COVID-19.
New claims for state unemployment benefits totaled a seasonally adjusted 1.877 million for the week ended May 30, down from 2.126 million the prior week, the Labor Department reported on Thursday. Economists polled by Reuters had forecast 1.8 million initial claims in the latest week.
New jobless claims have declined since hitting a record 6.867 million in late March. Despite the still elevated reading, the most recent data suggested the worst is over for the labor market, combined with data on Wednesday that showed a smaller-than-expected drop in private payrolls in May. Surveys have also shown consumer confidence, manufacturing and services industries stabilizing albeit at low levels in May, indicating the downturn triggered by a near shutdown of the country in mid-March to control the spread of COVID-19 was bottoming. Many businesses had reopened by mid-May.
Economists said the stubbornly high number of unemployment claims comes from a second wave of layoffs as businesses navigate weak demand, as well as some lingering backlogs at state unemployment offices overwhelmed by the flood of applications early in the shutdown. “Many of the new claims reflect current layoffs, as the corporate sector more broadly begins to adjust to the altered outlook for the year ahead,” said Lou Crandall, chief economist of Wrightson ICAP LLC in Jersey City, New Jersey. “Even as the economy begins to reopen, new job losses continue to pile up.”
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
U.S. new weekly jobless claims seen falling below 2 millionThe number of Americans filing for unemployment benefits likely dropped below 2 million last week for the first time since mid-March, but remains astonishingly high as companies adjust to an environment that has been significantly changed by COVID-19.
続きを読む »
US new weekly jobless claims seen falling below two millionSurveys have also shown consumer confidence, manufacturing and services industries stabilising albeit at low levels in May, indicating the downturn triggered by Covid-19 pandemic was bottoming.
続きを読む »
US weekly jobless claims total 1.877 million, vs 1.775 million expectedFirst-time claims for unemployment insurance were expected to total 1.775 million last week, according to economists surveyed by Dow Jones.
続きを読む »
What to watch today: Dow set for lower opening after strong 3-day rallyDow futures turn lower again after weekly jobless claims came in higher than expected.
続きを読む »
Global Stocks Falter Ahead of ECB DecisionGlobal stocks falter as investors await weekly jobless claims, trade data and an ECB monetary policy decision
続きを読む »