November 13, APnews, on the 12th local time, the US Department of Labor reported that last week, 709,000 Americans applied for unemployment benefits for the first time after seasonal adjustments. Although this figure is still at a high level, it is already the lowest level since March, further indicating that the job market may be slowly recovering.
At present, there are over 10.5 million confirmed cases in the United States and over 240,000 deaths. The number of confirmed cases in 49 states is increasing, and the number of deaths in 39 states is still rising.
The report pointed out that so far, the surge in the number of cases has not triggered a new wave of layoffs. Last week, in 29 states, including hot spots such as Wisconsin and Illinois, the number of people applying for unemployment benefits fell. However, this number has increased by more than 5,000 people in California and more than 10,000 in Washington State.
Nancy Houden, an economist at Oxford Economic Forecast, said: “With the surge in confirmed cases of Coronavirus and the restrictions on activities in some states, the risk of layoffs may increase again.” Currently, including Texas, New York, Maryland and Oregon Many states, including the state, have imposed stricter restrictions on restaurants and bars.
In addition, reports said that with the advent of cold weather and increasing concerns about the virus, consumers may be more cautious about activities such as travel, shopping, dining out, and haircuts.