In the United States, 965,000 new jobless claims were filed last week. The median economist forecasts collected by Bloomberg were 789,000 applications. In the week before last week, 784,000 claims were claimed.
Economists have estimated that it may take years for the labor market to recover.
Following the release of the figures, stock market futures pushed up 0.3 percent for the Dow Jones, 0.1 percent for the S&P 500 and a steady opening for Nasdaq.
Historically high figures
Governor of the Fed Jerome Powell commented in September that the central bank will not even consider raising interest rates until wage and labor force participation rates start to improve.
As a result of the interest rate crisis, the number of US unemployment benefit claims has risen to record highs. One week in March saw a historic peak of 6.9 million applications.
By comparison, the record before the interest rate crisis was set in early 1982, when applications rose to 695,000 in one week. At the time, the background was the global economic crisis.
Even the financial crisis did not break the 1982 records. New applications peaked in one week in March 2009, when 665,000 claims were claimed.
However, the number of new unemployment applications has eased sharply since its peak in March, which has also been reflected in the improvement in the unemployment rate, which was at a historically high level in April.
In similar readings, the unemployment rate has not been since the Great Recession of the 1930s, when it was over 20 percent for several years.
During the Great Depression, the United States underwent significant economic reforms under the leadership of Democrats, for example, in terms of social security and the financial system. For example, investment and deposit banks were separated by a law that was repealed in the late 1990s.
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