Article Hero

Worse-than-expected US Unemployment Claims

1602165319.jpg
ميغيل رودريغيز
ميغيل رودريغيز
08 أكتوبر 2020
The economic recovery seems to be stalling

As weeks pass by, the US economy doesn’t show signs of recovery from the #pandemic. The latest report from the US Department of Labor is proof of this. 

The first-time #unemployment claims number was worse than what the market expected. In the past week, 840,000 people filed for unemployment benefits for the first time. Economists were forecasting 820,000. Despite the numbers showing a decrease in job growth, this is the lowest reading since mid-March. 

These figures come almost a week after the Department announced that the non-farm payrolls rose by 661,000 for the month of September. 

Despite the results, the American benchmarks are to open higher, USA30 being higher almost 2%. USA500 is in positive territory at 1.74%.

Read here the latest NFP report!

Sources: forexfactory.com, cnbc.com


disclaimers_articles

article_share_title

article_rating_title

awful
ok
great
awesome

read_more

ميغيل رودريغيز
ميغيل رودريغيز
financial_writer

بدأ ميغيل مسيرته المهنية الطويلة في مؤسسات مالية مرموقة مثل Banco Santander و Banco Central-Hispano.وهو مؤلف لكتب تداول العملات.