US unemployment aids applications drop
Employment
According to the Labor Department, the number of applicants seeking for US unemployment benefits considerably decreased last week
Last week, the applications for these benefits dropped with 12.000, as the four-week average remains the same, approximatively 271.000 requests. The four-decade low was reached in July and consisted in 255.000 applicants seeking for financial aid.
Even if the figures are not so impressive, last week's drop may be a sign that companies are cutting a few extra jobs and the American job market is on a raising direction.
The key drivers in the employment matter are considered to be the steady job the Americans gained during the last three years. Also, early signs show that the remunerations are increasing, giving the consumer more power to buy, while boosting the economy at the same time.
Despite the stronger dollar and the slower economic growth of other countries that leads to cutting down corporations profits, companies are not yet responding by reducing work positions.
Considering the big picture level, the low level of application forms has coincided with a prolific hiring period. As much as 271.000 jobs were added in October, the best month of this year regarding number of positions. The average number of jobs a month added this year was 206.000, enough to meet the level of a lower unemployment rate considering the whole year round figures.
Also, according to the Commerce Department data, wages rates rose 0.6 percent in October, the largest gain since May. When compared to last year's figures, salaries went up by 5.4 percent, which translates into a 0.3 per cent increase and represents double the increase of 2013.
The number of people in the US that receives financial help for unemployment status is 2.2 million.
Latest data show that applications for unemployment aid in the United states experienced a fall to 260.000, as some businesses opened the opportunity for a considerable number of jobs.
Last week, the applications for these benefits dropped with 12.000, as the four-week average remains the same, approximatively 271.000 requests. The four-decade low was reached in July and consisted in 255.000 applicants seeking for financial aid.
Even if the figures are not so impressive, last week's drop may be a sign that companies are cutting a few extra jobs and the American job market is on a raising direction.
The key drivers in the employment matter are considered to be the steady job the Americans gained during the last three years. Also, early signs show that the remunerations are increasing, giving the consumer more power to buy, while boosting the economy at the same time.
Despite the stronger dollar and the slower economic growth of other countries that leads to cutting down corporations profits, companies are not yet responding by reducing work positions.
Considering the big picture level, the low level of application forms has coincided with a prolific hiring period. As much as 271.000 jobs were added in October, the best month of this year regarding number of positions. The average number of jobs a month added this year was 206.000, enough to meet the level of a lower unemployment rate considering the whole year round figures.
Also, according to the Commerce Department data, wages rates rose 0.6 percent in October, the largest gain since May. When compared to last year's figures, salaries went up by 5.4 percent, which translates into a 0.3 per cent increase and represents double the increase of 2013.
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