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There were 860,000 requests for subsidies in one week. The number follows the downward trend but is higher than expected.

Weekly Unemployment Benefit Claims in the United States they went down to 860,000 last week, compared to 893,000 the previous week, while the reopening of economic activity affected by the COVID-19 pandemic continues, the Labor Department reported Thursday. However, the requests were more than expected.

In the week ending September 5, according to the government, there were 12.6 million people receiving this conventional benefit, compared to 13.5 million in the previous week.

The average number of requests in four weeks, a measure that compensates for weekly variations, reached 912,000 orders last Saturday, compared with 973,000 a week earlier.

These requests, which had reached a record high of 6.8 million in the last week of March, they decreased markedly until mid-August, and since then the reduction has been limited, an indication that layoffs are maintained at historically high levels due to the pandemic.

Less than two months before the presidential elections in November, the news may be good or bad for the Trump administration depending on the glass with which it is measured.

The economic reactivation suppressed 2.1 percentage points of the unemployment rate in August, bringing it down to 8.4% of the workforce, compared to 10.5% the previous month, in a month in which private companies and the government added 1.76 million jobs.

Between March and April the world’s largest economy lost ones 22 million jobs due to the impact of the pandemic, and since then employers have added a few 11 million positions work, but the rate of hiring slowed during the summer.

This Thursday’s report refers to workers covered by the conventional unemployment benefit and does not include some 16 to 18 million people with informal jobs or subcontractors that since the end of July they stopped receiving a weekly subsidy of $ 600 created under a temporary program by the government in March.

EFE and AFP

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