By Matt Ott, Associated Press Business Writer
Washington (AP) – The number of Americans applying for unemployment benefits dropped last week despite increased uncertainty about how President Donald Trump’s prices will have an impact on the American economy.
Requests for unemployment complaint fell from 13,000 to 228,000 for the week ending on May 3, the Labor Department announced on Thursday. This complies with the 229,000 new applications provided by analysts.
Weekly applications for unemployed services are considered an indirect indicator of layoffs and have mainly rebounded around a healthy range between 200,000 and 250,000 since COVID-19 has decimated the economy and destroyed millions of jobs.
The average of four weeks of complaints, which evokes some of the week to week -long giations, increased from 1,000 to 227,000.
The total number of Americans receiving unemployment benefits for the week of April 26 fell to 1.88 million, a drop of 29,000.
Originally published:
California Daily Newspapers
