- The weekly number of applications for unemployment benefit went up
- It went to 353,000 last week, compared to 349,000 the week before
- In the week ending August 14, there were 2.86 million people receiving this social benefit
The weekly number of applications for unemployment benefit rose to 353,000 last week, compared to 349,000 in the previous week, the Bureau of Labor Statistics (BLS) reported Thursday, according to a publication by the EFE agency.
The average number of requests in four weeks, a measure that compensates for the weekly ups and downs, stood at 366,500, compared to 377,750 until the previous week, which is a minimum since the arrival of the COVID-19 pandemic.
UPPER
According to the Bureau of Labor Statistics, in the week ending August 14, there were 2.86 million people receiving this social benefit, a slight decrease from the immediately previous week.
Weekly claims for unemployment benefits rose to a record 6.8 million at the end of March last year and have since declined, with ups and downs, as the economy has gradually returned to activity.
INDEX DECREASES
The unemployment rate in the United States fell five tenths to 5.4% in July, the lowest level since March 2020, this due to the estimates made by the government in the face of the coronavirus contingency.
According to the report issued by the authorities, this past month the economy added 943,000 jobs, in a new sign of the progressive economic recovery as vaccination advances. Filed Under: Unemployment Benefit
HIRED UP
Hiring in the United States increased in July as employers added 943,000 jobs, bringing the unemployment rate down to 5.4%, in another sign that the economy continues to recover with surprising vigor after the coronavirus hit last year.
The July figures beat the forecasts of economists, who estimated the creation of more than 860,000 new jobs. Hotels and restaurants, which reopened vigorously, added 327,000 new hires last month. Local public schools numbered 221,000. Filed Under: Unemployment Benefit
Unemployment benefit: EMPLOYMENT INCREASED
The number of people in the United States who reported they had a job increased by 1 million, bringing the unemployment rate down from 5.9% in June. Last month in June, 261,000 people returned to the job market.
Struggling to find workers as business resurfaces, companies raised wages – Average hourly earnings were up 4% last month from a year earlier. Filed Under: Unemployment Benefit
Unemployment benefit: RECESSION
The coronavirus triggered a brief but intense recession last spring, forcing businesses and consumers to stay home as a precautionary measure. The economy lost more than 22 million jobs in March and April 2020. Since then, however, it has recovered nearly 17 million, leaving a deficit of 5.7 million compared to February 2020.
The vaccines are encouraging businesses to reopen and consumers to return to the stores, restaurants and bars they refused for months due to COVID-19. Many Americans are also in surprisingly strong financial condition because lockdowns saved them money.
Unemployment benefit: THE ECONOMY IS RECOVERING
As a result, the economy has recovered at unexpected speed. The International Monetary Fund expects America’s gross domestic product to grow 7% this year, its fastest pace since 1984.
Before all this situation that is experienced in the United States by the issue of the coronavirus and the loss of jobs, Greg McBride, chief financial analyst at Bankrate.com, said the following: “It is undeniable that things are going in the right direction.”
DEPENDENCE ON RURAL WORKERS GROWS
The population of rural areas in the United States continues to decline, according to the latest census, and new calls are emerging for a reform of immigration laws to help combat the shortage of farm workers with the arrival of foreigners.
The 2020 census data released last week indicated in rural areas where the population increased, this was due to the arrival of Hispanics, many of them immigrants eager to work in the fields, in meat processing plants or open your own businesses. Filed Under: Unemployment Benefit
Unemployment benefit: TREND
“We have been battling this issue for a long time, looking for a more reasonable solution, in which common sense prevails,” said John Hansen, president of the Nebraska Farmers Union, which is part of a group that lobbies to Congress to adopt an immigration reform. Denigrating the immigrant “all it does is complicate things.”
The population trend is clear in places like Nebraska, where only 24 of the 93 counties increased the population. Of those 24, only eight saw an increase in the white population, suggesting that the growth was encouraged by minorities, according to David Drozd of the Center for Public Affairs Research at the University of Nebraska in Omaha.
CENSUS
Drozd analyzed the census data and found that the Nebraska counties with the greatest racial diversity are those with processing plants, even though many of those plants are in theoretically white-majority rural areas. “In rural areas where the Latino population did not increase, companies have a harder time getting employees,” Drozd said.
In New Mexico, population declined in 20 rural counties ranging from Oklahoma’s Great Plains to the Mexican border. Desperate to find workers for Chile’s annual crops, the state recently announced that it would use $ 5 million of federal aid to fight the coronavirus pandemic to subsidize those activities, raising wages in some cases to $ 19.50 an hour. . Filed Under: Unemployment Benefit
REASONS
Some Republican lawmakers attribute the shortage of rural workers to government aid to low-income people, saying it eliminates the incentive to work, as those subsidies make them more money than low-paying jobs. Democrats argue that the problem is a deeper jobs crisis. The New Mexico Chile Association says the sector needs 3,000 workers and is 1,350 short.
Staff shortages are equally dire in North Carolina’s poultry industry, where meat processors are the engine of many rural counties’ economies. Half of the state’s 100 counties have lost residents since 2010, according to the census. Filed Under: Unemployment Benefit