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Higher-than-expected US Unemployment Claims

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Miguel A. Rodriguez
Miguel A. Rodriguez
05 November 2020
The American economy still feels the pandemic’s effects

The latest report from the US Department of Labor shows that its economy is still under the pandemic’s spell.

Last week, 751,000 people applied for unemployment benefits for the first time. The figures came in higher than the 740,000 expected by the market. The figures are well above what was considered to be a normal level before the pandemic. However, it is the third consecutive week when claims were below 800,000.

Now, all eyes are on tomorrow’s non-farm payrolls. The market expects 600,000 jobs to have been created in the last month.

Until then, read here and here about the hottest event in the US – the presidential election!

Sources: 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.