USA: new unexpected rise in jobless claims

Unemployment claims in the United States again took forecasters by surprise, and marked a further unexpected rise last week, contrasting with the economic recovery that is beginning to take shape in the country where vaccinations are advancing quickly.

From March 28 to April 3, 744,000 people registered to receive unemployment benefit, 16,000 more than the previous week, which had already recorded an unforeseen jump, and for which the Department of Labor has also revised its figures increased to 728,000 registrations.
Analysts, for their part, expected to see registrations decline this week, and expected 678,000 new requests.
In mid-March, registrations were back below the 700,000 mark, for the first time since the pandemic hit the United States a year ago. They were then reassembled.
The total number of people who, all programs combined, in mid-March received unemployment benefit or assistance linked to the loss of employment or income, continued to decline: they were just over 18 million to benefit from it, according to these data which are however published two weeks later.
“A rebound in demand does not cloud the bright outlook for the labor market,” said analyst Nancy Vanden Houten, of Oxford Economics, in a note.
She expects “a jump in hiring during the spring and summer months.”
The situation is indeed improving in the United States, thanks to the recovery plan adopted in March and the deployment of vaccines. One-third of the population has received at least one dose, and nearly one in five Americans is fully vaccinated, according to data from the Centers for Disease Control and Prevention (CDC), the country’s leading federal public health agency.
And Joe Biden announced on Tuesday that starting April 19, all American adults would be eligible for the vaccination, ten days ahead of his goals.
This should allow activity to gradually resume. California is planning to reopen completely on June 15.
The unemployment rate fell in March to 6%.

ats, awp, afp


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