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A new post-pandemic low for the unemployment claims

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Miguel A. Rodriguez
Miguel A. Rodriguez
20 May 2021
The downward trend of the US unemployment claims gains momentum, according to the latest data

According to the US Department of Labor, 444,000 people filed for the first time for unemployment in the past week. The figures came ahead of the 453,000 expected, marking a new pandemic-era low. During the same time last year, claims topped 2.3 million.

The jobs picture continues to improve due to the accelerated economic reopening across the country. Moreover, the US administers 1.8 million vaccine shots daily, spurring the economic rebound. Still, Federal Reserve officials continue to call for more improvement in the labor market.

At the moment of writing, USA500 is trading 0.06% higher, and the Dollar Index is at 90.005.

Sources: cnbc.com, forexfactory.com

This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.