Claims for unemployment benefits in America suddenly dive, as the labor market tightens

Claims for unemployment benefits in America suddenly dive, as the labor market tightens

The total number of US citizens, who apply for unemployment benefits suddenly edged down the previous week, thus pointing to further tightening of US labor market conditions.

As a matter of fact, initial applications for state unemployment benefits went down by about 1,000 to 222,000. That’s what the Ministry of Labor informed on Thursday. For the last week data on requests was updated to display 2000 more applications obtained earlier.

Market experts foresaw that the previous week, applications would rally to 225,000. Besides this, the Ministry of Labor added that applications in Maine were assessed the previous week, while procedures for accepting appeals in Puerto Rico as well as the Virgin Islands still haven’t got back to normal after the previous year's terrible hurricanes.

Additionally, the four-week moving average of primary hits, considered to be the best gauge of labor market trends because it takes weekly volatility into account, tacked on by 2,750 to 225,500 the previous week.

Market analysts are 100% assured that the labor market has approached the level of complete employment. The number of jobs in the non-agricultural sector rallied by 223,000 jobs in May, while the unemployment rate went down to an 18-year minimum of 3.8%.

The unemployment rate that this year went down by 0,3%, is currently at the level, which, according to the estimates of the Federal Reserve, is going to be reached by the end of 2018.

Dismissals are quite low in the face of a soaring deficit of employees in all sectors of the American economy. Tuesday’s data disclosed that in April there were registered up to 6.7 million vacancies. Besides this, the number of unemployed for one job headed south to 0.9 versus the reading of March - 1.0.


Markets Assess US-China meeting
Markets Assess US-China meeting

Hong Kong’s HK 50 index rose and the Chinese yuan edged up as traders assess the outcome of the first virtual meeting between US President Joe Biden and Chinese leader Xi Jinping.

Latest news

FED and BOE Make Another Attempt to Beat Inflation
FED and BOE Make Another Attempt to Beat Inflation

The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera