Americans continue to actively file for unemployment benefits. However, the number of applications submitted decreased to six hundred thousand in the past week. It should be noted that the level of unemployment remains relatively healthy.
According to data from the Ministry of Labor, the total number of initial claims for unemployment benefits dropped to 32,000 and amounted to 290,000 in the first week of September. Economists had predicted a decrease in applications of only 11,000. It is worth noting that this data may be influenced by seasonal factors.
It should be mentioned by the economists at Wells Fargo, affirming that the level of claims for unemployment benefits remains stable and demonstrates the resilience of the labor market. Additionally, the total number of applicants, including unemployment benefits from state governments, decreased to 70,000 on September 4 and reached 2.6 million.
