Unemployment is still under control, but the prospects are dim
The number of first applications for unemployment benefit in the United States increased during the week ending November 27, but less than anticipated. This was shown on Thursday by the figures of the US Department of Labor.
The number of new applications for unemployment benefit increased by 28,000 to 222,000.
Economists had anticipated an increase to 240,000 new applications. The figure from a week earlier was revised down by 5,000 to 194,000.
The four-week moving average, which is generally less volatile, was 238,750 applications. That’s 12,250 less than a week earlier.
The number of extended aid applications in the week ending 20 November came to 1,956 million applications, a decrease of 107,000 applications.