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The number of Americans implementing unemployment measures remained below the million-dollar mark for the third consecutive week, but the coronavirus pandemic remains a risk to the U. S. workforce.
According to the Ministry of Labour, initial unemployment applications amounted to 860,000 for the week ended September 12, compared to economists’ bets of 875,000, a marked improvement from the 893,000 revised upwards last week.
Knowledge included the number of applications underway, which paints a broader picture of unemployment in the country and delays the number of unemployed in a week, which fell from 916,000 to 12. 63 million last week, while economists had forecast thirteen million.
However, the economy still has a long way to go: since mid-March, more than 61 million people in the United States have been implemented for unemployment. Americans suffering from the COVID-19 fitness crisis.
Yesterday, Federal Reserve authorities announced plans to keep interest rates at least 0 to 0. 25% over the next year. The central bank said it would not raise rates until inflation rose to 2% and on track to “moderately exceed 2% for some time it will also read about whether the country’s labor market has “reached degrees consistent with the maximum employment committee tests. “
“The trajectory of the economy will depend to a large extent on the evolution of the virus,” the bank said yesterday. “The current public aptitude crisis will continue to weigh on economic activity, employment and inflation in the short term and presents abundant dangers to the environment. -Term economic outlook”.
Two weeks ago, the Bureau of Labor Statistics noted that U. S. employers have noted that the U. S. would not be able to do so. But it’s not the first time They added approximately 1. 4 million jobs in August, which reduced the unemployment rate to 8. 4%. This was a welcome deviation from the 14. 7% peak in April, when large swaths of the country were locked up in aid involving the spread of the epidemic; however, it remains well above prepandemic levels, which hovered around 3%.
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