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Job market showed improvement in the past week

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Miguel A. Rodriguez
Miguel A. Rodriguez
28 May 2021
Last week the US job market got one step closer to its pre-pandemic levels, based on recent data from the Department of Labor

For the week that ended on May 22, 406,000 people filed for unemployment benefits for the first time. The figures came in ahead of the 427,000 expected, marking the closest level to the previous trend since the pandemic began, and a downtrend from last week’s 444,000.

Claims remained elevated through the pandemic, recently shifting lower amid the economic reopening set in motion by accelerated vaccine rollouts and the sharp decline in COVID-19 cases. According to the Centres for Disease Control and Prevention data, half Americans have received at least one vaccine dose, while states have been shutting down benefits programs as businesses reopened.

Following the news, at the open of the American trading session, USA30 rose 0.32%, while USA500 went up 0.14%. TECH100 added 0.03%.

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.