Economy Country October 31, 2024

Decrease in Unemployment Claims in the US

The number of Americans applying for unemployment benefits fell last week, with layoffs remaining at historically healthy levels despite rising interest rates.


Decrease in Unemployment Claims in the US

Americans continue to remain confident in their workplaces, as the number of those who filed for unemployment benefits decreased last week. This occurred despite the increased percentage rates and maintained historically low levels of unemployment claims.

It is reported that data for the past week indicates the resilience of the American labor market even under conditions of increased percentage rates. It is believed that this is also related to the fact that companies, due to previous experience, do not incur small costs for layoffs.

Experts point out that the decrease in the number of applications for unemployment benefits indicates that Americans are confident in the current state of the labor market and do not face serious difficulties with employment.

"These data indicate the stability of the American labor market, and we see that companies are indeed striving to retain their workers," noted one of the experts.