Unemployment benefits in the US fall below a million | Financial

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That reports the US Department of Labor. In advance, economists expected 1.1 million applications for aid in the past week.

A week earlier, just under 1.2 million people applied for benefits. That number has now been adjusted upwards by 5000.

In total, more than 55 million Americans have applied for unemployment benefits since March. However, the number of continued unemployment benefits fell from 16.1 million to nearly 15.5 million last week.

Recently there have been varying reports about the American labor market. A report by the United States Department of Labor last week found that the number of jobs had grown above expectations to 1.8 million last month. However, a similar report by pay slip processor ADP painted a less rosy picture.

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