The number of first-time applicants for unemployment benefits in the United States remains high above market expectations | First | Market
On June 23, according to ABC, the number of first-time applicants for unemployment benefits in the United States remained relatively high last week, higher than market expectations.
According to data released by the US Department of Labor on the 22nd, as of the week ending June 17th, the number of first-time applicants for unemployment benefits has risen to 264000. The number of applicants in the past two weeks is the highest level since October 2021.
Since the autumn of 2021, the number of people applying for unemployment benefits has mostly ranged from 100000 to 200000, while in the past three weeks, the number of people applying for unemployment benefits has approached 300000. Usually, when the economy deteriorates and approaches recession, the number of people applying for unemployment benefits begins to increase, and the latest data may be a warning signal. Recently, there has been a wave of layoffs among American companies, with many large companies admitting to excessive recruitment during the pandemic.
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