Citizens no longer draw unemployment benefits
Last week, the number of Americans who have applied for assistance in employment has decreased significantly. In addition, the country reduced the number of people applying for unemployment benefits, the Reuters writes.
Investors are satisfied with the restoration of the labor market as unemployment figures for December have forced all doubt on the rapid exit of the country from the lingering financial crisis.
Department of Labor reported that last week the number of people who applied for aid declined by 20 thousand people and reached 331 thousand, which is a good sign for the labour market.
Employers have become more active to hire new employees after a forced break in the HR due to adverse weather conditions. In addition, private employers whose business is concentrated in the service sector have also become actively hiring staff after two months of slowing growth.
Reducing unemployment and good economic data of the second half of 2013, including an increase in consumer spending, inventories and trade volume, suggest that the U.S. economy has the trend of recovery.
Department of Labor will soon present a report on the official unemployment rate in January 2014.
