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Better-than-expected US Unemployment Claims

Miguel A. Rodriguez
Miguel A. Rodriguez
03 December 2020
The American labor market seems to start recovering from the pandemic

Another week, another report from the US Department of Labor, and the latest numbers show an improvement in the American labor market.

In the past week, 712,000 people filed for unemployment benefits for the first time. The numbers came in lower than the 775,000 forecasted. It is the first time since the pandemic started when the filings reached such a low point. It shows that the hiring process continues even if it is at a slower pace.

From the economists’ point of view, “initial claims likely will rebound strongly next week, probably rising above the 800K mark for the first time in eight weeks.”

Overall, more than 20 million Americans have been getting various benefits. Last year, only 1.57 million people received aid.

Now, all eyes will be on tomorrow’s non-farm payrolls also released by the Department of Labor.

The American benchmarks – USA30, USA500, and TECH100 – are said to open higher.


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.