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Better-than-expected US Unemployment Claims

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
More than 1 million people filed for unemployment benefits in one week

Another week, another report from the US Department of Labor. 

The latest data published today showed more than one million people who filed for unemployment benefits last week. The 1.186 million came below 1.410 million expected. It is the lowest level of claims recorded since the pandemic started ravaging the US.

Today’s report marked the 20th consecutive week when claims exceeded 1 million. At the moment, roughly 56 million people are unemployed due to the pandemic. 

The report came just one day before the monthly non-farm payrolls report. Analysts are expecting 1.264 million new jobs to have been created in July. 

The benchmarks applauded the latest performance as USA30 and TECH100 gained 0.2% each. 

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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.