Mixed economic readings at the end of the week
The monthly report from the US Bureau of Labor Statistics showed that in the past month, 49,000 jobs were created.
On the other hand, the unemployment rate fell to 6.3%, lower than the market expected – to be steady at 6.7%.
Even though the employment starter slowly to kick-off, the pandemic’s effects on the labor market are still present, with more than 10 million left jobless. During the same time last year, only 4.3 million people were without a job.
The markets are still waiting for the long-touted stimulus package after it turned out President Joe Biden and Republican Senators met this week to discuss the matter.
Sources: forexfactory.com, cnbc.com
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.