The number of people receiving unemployment benefits increased by more than 180,000 last week, the largest since the end of March last year, showing that in the new pneumonia (Chinese Communist virus) epidemic continues to rage, the job market is weak.
The U.S. Department of Labor said on the 14th, as of the week of the 9th, the number of initial unemployment benefits was 965,000, an increase of 181,000 over the previous week. The number of consecutive claims for unemployment benefits for the week ending on the 2nd was 5.27 million, an increase of 199,000 over the previous week. The number of initial and continuous claims for unemployment benefits both exceeded market expectations.
Since the end of last year, when the number of newly diagnosed cases in the U.S. rose again, the number of weekly initial jobless claims exceeded 750,000, highlighting the impact of epidemic concerns and business restrictions that have hit employment. Vaccinations are likely to boost economic activity in the coming months, but the labor market is likely to remain weak in the first quarter.
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