US: Population on Unemployment Benefits Falls to a 49-year Low

Salaries received by Americans in August increased significantly while the number of applications for unemployment benefits decreased. This trend indicates that the American economy continues to grow, despite the trade war between the US and China as well as the strained relations with the partners in Europe.

Considering the current economic situation and the state of the labour market, employers are reluctant to fire their employees which makes this market status almost full employment. The number of vacancies in the US market increased by 190,000 according to data provided by experts. There is also a possibility that in connection with the trade war, this trend is volatile and may change a lot.