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USA: weekly jobless claims below 300,000

Between October 3 and 9, 293,000 people registered as unemployed to receive an allowance, which is 36,000 less than the previous week.

Weekly jobless claims in the United States continued to decline in early October and fell below the symbolic 300,000 mark, for the first time since the start of the crisis, returning to almost their pre-pandemic level.

Between October 3 and 9, 293,000 people registered as unemployed to receive an allowance, which is 36,000 less than the previous week.

The number of registrations is now approaching that before the crisis, since, in mid-March 2020, just before the implementation of the first containment measures, 256,000 registrations had been registered.

The total number of unemployment benefit recipients fell to 3.6 million people at the end of September, according to the most recent data, also released on Thursday, down sharply (-523,426) compared to the previous week.

By comparison, nearly 25 million people were receiving an allowance last year around the same time.

Weekly registrations deviated from their downward path in September for three weeks due to the Delta variant that slowed the recovery, Hurricane Ida, which devastated part of Louisiana in late August, and the late summer contracts for seasonal workers.

The job market, in fact, recovered sharply at the start of the summer, but the Delta variant then slowed its progress.

Thus, in September, only 194,000 jobs were created, half as many as in August, and against more than a million in June, then in July. The unemployment rate is 4.8%.

The exceptional unemployment benefits that had been paid since the start of the pandemic expired on September 6. The long-term unemployed, or the self-employed, among others, are no longer entitled to it.

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