– The number of Americans who first applied for unemployment benefits last week decreased by 22 thousand and $ 222 thousand, according to the report of the U.S. Department of labor.
This is the lowest figure since March 1973, notes MarketWatch. According to revised data, a week earlier, the number of applications amounted to 244 thousand, not 243 thousand, as was declared originally.
Analysts on average had forecast a contraction of 3 thousand from the previously announced level – up to 240 thousand, according to MarketWatch. The average number of applications over the past four weeks, a less volatile figure, decreased by 9.5 thousand – to thousand 248,25
Meanwhile, the number continuing to receive unemployment benefit Americans for the week ended October 7, decreased by 16 thousand up to 1,888 million people. This level is also the lowest in the last 44 years.
The improvement in the labour market due to the fact that people are returning to work after the devastating hurricanes “Irma” and “Harvey” that struck Texas and Florida last month.
Meanwhile, the number of applications for benefits remains unusually low in Puerto Rico, in spite of hurricane “Maria”, experts say. Perhaps the lack of electricity does not give people the opportunity to apply, and the government is counting them. In this regard, in this region, their number could grow significantly in the coming weeks.