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Higher-than-expected US Unemployment Claims

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Weekly jobless claims fell short of the mark

This week’s report from the US Department of Labor showed gloomy figures. The weekly jobless claims numbers came in worse-than-expected, still showing pandemic-inflicted damage. 

The Department reported 884,000 filings compared to the 838,000 forecasted. 

At a state level, Florida reported the most significant decrease – 9,049, while California had the biggest increase in the number of filings – 17,953.

From the economists' perspective, a possible autumn resurgence in the number of COVID-19 cases could cause slowness or even a reversal of the progress shown in the latestNFP report.

Following the report, USA30 gained 0.7%, while USA500 added 0.7%. TECH100 went up 0.9%.

Read the latest job reports on CAPEX.com!

Sources: forexfactoy.com, cnbc.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.