US Unemployment Claims Fall 67,000 A Week

US Unemployment Claims Fall 67,000 A Week

US unemployment claims fall 67,000 a week.

New US unemployment claims dropped 67,000 in the week ended 23, to 847,000, it was reported on Thursday, by the Department of Labor. Analysts surveyed by the Wall Street Journal predicted 875,000 requests.

The value, in annualized rate, comes in line with market expectations, but it is still the worst American growth since 1946, after the end of World War II. It is also the first contraction in the economy since the 2008-2009 crisis.

The United States’ GDP grew 4% in the fourth quarter of 2020, as released by the Economic Analysis Agency (BEA) on Thursday. In the year, the American GDP fell 3.5%, compared to 2019, officializing the recession in the country.

US GDP grew 4% in the fourth quarter and confirmed deceleration in the recovery. In the year, the American GDP fell 3.5% compared to 2019, amid the sharp drops at the beginning of the pandemic. Coronavirus advance, still slow vaccination and doubts about the Biden package, are worries for 2021.

The previous week’s figure for US unemployment claims was revised upward by 14,000 to 914,000. Continued requests for assistance, which come a week late, were down from 203,000 to 4,974 million.

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