Us initial jobless claims have fallen for four consecutive weeks and the labor market is improving

CNBC's latest report pointed out that the number of people applying for unemployment insurance for the first time last week hit a new low since the outbreak of the epidemic, indicating that the job market is improving before entering the autumn.
The Labor Department announced on Thursday that 348000 people applied for unemployment benefits in the week ended August 14. This figure is far lower than the 365000 points expected by the Dow Jones index, a decrease of 29000 points over last week.
This is the fourth consecutive decline in the number of first applications in the United States, and the labor market is further recovering. With the recovery of economic activities, the demand for employment by enterprises has increased and the unemployment situation has improved. Faced with the risks brought by the current delta mutant virus, some American enterprises have postponed the plan of "returning to the office".
Novel coronavirus pneumonia has been considered a risk of a rise in the labor market recovery, but the number of people who applied for unemployment benefits fell to a low of 17 months, the fourth consecutive week of decline, suggesting strong employment growth last month.
The number of people applying for unemployment benefits has been declining. Due to the complete reopening of the economy through vaccination, there is a labor shortage and employers retain workers. At present, more than half of the population in the United States has been vaccinated with the new crown vaccine.
The novel coronavirus pneumonia is increasing rapidly in the United States under the influence of the delta strain. However, economists do not expect large-scale enterprise closures as in the early stage of the epidemic, but there are also concerns that the surge in cases may leave some unemployed people at home, especially when children are unable to go to school.
The Ministry of Labor reported that the number of people who continued to apply for unemployment benefits also decreased to 2.82 million, 79000 less than the previous week. This figure was one week later than the official number of applicants, and also set a new low since the outbreak of the epidemic.
The total number of people receiving benefits under all projects decreased to 11.74 million, a decrease of 311787 in the week ended July 31, mainly due to the significant decline in the number of people receiving enhanced benefits, which will also be fully completed in September. A year ago, the total number of all projects was 28.7 million.