Surprisingly More Jobs Created Than Expected Last Month and Unemployment Falls in the U.S.

• By James Kravitz
• (General Dispatch) –  March closes with a proportional drop in unemployment claims in the United States, according to information provided by the Department of Labor.

• According to data revealed by the pollster Econoday the number of unemployment claims increased from 61,000 to 719,000.

• The nation’s economists assure that fluctuations can be volatile, so they prefer to take the average of only four weeks.

• It is believed that the drop in unemployment rates is being orchestrated by the nation’s economic contraction.

• For this reason, U.S. small and medium-sized companies continue to receive applications for benefits under the programs.

• However, experts in the economic area comment that the effects of covid-19 have a great impact on the behavior of the labor market, in view of the paralysis of economic activities.

• Probably, as long as commercial establishments continue to open their doors, unemployment claims will drop considerably, according to economic experts.

• In conclusion, the survey articulates each of the fragments that possibly cause the economic effect on labor supply, including the arrival of immigrants who are hired by companies in exchange for low wages.

Adittional Information:

Breibart: Jobless Claims Higher Than Expected, Climbing to 719,000

Forbes: Unemployment Claims Climb To 719,000 After Hitting Pandemic Low Last Week