The US Department of Labor announced on the 21st that the number of new unemployment insurance claims (seasonally adjusted) for the week ending on the 16th was 210,000, down 2,000 from the previous week. Photo taken in August 2021 (2024 Reuters/Dustin Chambers)
[ワシントン ２１日 ロイター] – The US Department of Labor announced on the 21st that the number of new unemployment insurance claims (seasonally adjusted) for the week ending the 16th was 210,000, down 2,000 from the previous week. This was against market expectations (215,000 jobs), indicating that employment growth in March could remain strong.
“Federal Reserve officials are waiting for assurances that inflation is under control before cutting interest rates, but they are still waiting for companies to lay off workers and “We can be confident that the labor market remains relatively strong.”
At the Federal Open Market Committee (FOMC) meeting held on the 19th and 20th, the Federal Reserve maintained its federal funds interest rate target (FF) at 5.25% to 5.50%. Chairman Powell described the labor market as “in good shape” and acknowledged that it was “going back to where it was in 2019” before the coronavirus pandemic. See more
On an unadjusted basis, the number of applications for the week ending on the 16th fell by 12,730 to 189,992. It increased in Michigan and Missouri, but decreased in California and Oregon.
The number of continuous recipients for the week ending the 9th increased by 4,000 to 1,807,000.
This data overlaps with the US employment statistics survey period in March.
“The labor market is gradually returning to balance, but it appears to be due to fewer jobs rather than a surge in layoffs,” said Rubera Farooqi, chief US economist at High Frequency Economics. “We expect the unemployment rate to remain low this year, although it will slow down.”
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