US unemployment subsidy claims increased more than-expected in the last week of April
Although jobless claims have increased they remain below the seasonal figure of 230,000
According to data published this Thursday by the Department of Labor, during the last week of April, the application number Unemployment subsidy rates in the United States unexpectedly increased to 10,000, reaching 200,000 in their seasonal figure.
Although there was a moderate increase, this year claims for unemployment subsidy have remained below 230,000, which It is a good sign in the midst of a growing wave of layoffs, mostly by companies belonging to the technology sector.
Additionally, the data could strengthen the views on the labor market among monetary policy regulators of the Federal Reserve to decide not to cut interest rates yet. it has remained tight in recent years, these recent figures still show no signs of strong tension caused by the war in the Middle East, as has been perceived in other sectors of the economy.
In this regard, Christopher Rupkey, chief economist at FWDBONDS, commented that “Federal Reserve officials cut interest rates last year due to concerns about "unemployment and a higher unemployment rate, but at this time there is no reason to consider cuts in interest rates, as the labor market is rock-solid," he said.
However, this decrease in unemployment claims may also be due to many unemployed people exhausting their subsidy limit, which spans 26 weeks in much of the country.
On the other hand, this week the payroll processing company ADP also published its report, in which it was revealed that the private sector in the United States added 109,000 jobs. work during the month of April, and the areas of hire were health and education; it is expected that this Friday the official figures by the Department of Labor.

