weekly jobless claims are on the rise again

Weekly jobless claims in the United States increased again last week, passing the 200,000 mark, mainly due to seasonal adjustments, say economists who rule out large layoffs for the moment. From May 1 to 7, 203,000 people applied for unemployment benefit, 1,000 more than the previous week, the number of which was also revised upwards, according to Labor Department data released Thursday.

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This is more than the expectations of economists who were counting on the contrary on a drop to 191,000 registrations. “Even at this level, it remains close to the lowest levels recorded in several decades.commented Rubeela Farooqi, chief economist at High Frenquency Economics. “Labor demand from businesses still looks strong and, combined with ongoing shortages, should limit the number of layoffs, for now“, she added.

Employers shouldslow the pace of hiring well before laying off workerseven if the economy slows down, also commented Nancy Vanden Houten, economist for Oxford Economics. The United States is currently registering a record high in the number of job vacancies. However, employers are struggling to recruit especially for low-skilled jobs. Millions of people quit every month in search of better working conditions and pay. On average over four weeks, requests are also up (+4,250 to 192,750).


SEE ALSO – In the United States, the Fed makes the largest rate hike since 2000 to counter inflation

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