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In the US, claims for unemployment benefits are at their lowest level since November

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The number of first-time jobless applicants in the United States fell to 712,000 in the week ending March 6, showing a decline above market expectations.

The US Department of Labor released data on weekly unemployment benefits.

Consequently, the number of people who demanded unemployment benefits for the first time in the country was 712 thousand, decreasing by 42 thousand people in the week that ended on March 6 compared to the previous week.

The data, which decreased more than expected by the market and fell to the lowest level since the first week of November 2020, was expected to be at the level of 725 thousand.

The data from the previous week on the number of applications for unemployment pensions have been revised from 745 thousand to 754 thousand.

As of last week, 4-week average jobless claims were down 34,000 from the prior week and down to 759,000.

Ongoing jobless claims totaled 4,144,000 with a decrease of 193,000 compared to the previous week in the week ending February 27.

Analysts claimed that the decline in weekly unemployment pension claims was effective in reducing new types of coronavirus (Covid-19) cases and easing the measures taken against the epidemic with increased vaccination.

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