First time unemployment application figure stays low

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The number of first time applications for unemployment benefits in the United States amounted to 204,000 last week. That meant a drop of 15,000 compared to a week earlier, the US Department of Labor announced.

Last week, economists assumed an average of 215,000 new requests for unemployment benefits. The number of first applications was a revised 219,000 a week earlier.

Inflation in the United States was 1.7 percent in August on an annual basis, compared with 1.8 percent a month earlier. This is according to figures from the US government.

Economists generally expected stable inflation. Core inflation, excluding fluctuating energy and food prices, amounted to 2.4 percent on an annual basis, compared to 2.2 percent in July. US consumer prices rose by 0.1 percent on a monthly basis.

Inflation plays an important role in the interest rate policy of the Federal Reserve, the American umbrella of central banks.

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Nicholas de Kramer

Nicholas de Krammer, а self-taught economic analytic with heave mathematical background. Math behind the economics (and economics behind math) is the strong side of the author. Contact him at [email protected]

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