CAPEX.com
CAPEX.com

Article Hero

Lower-than-expected US Unemployment Claims

1605192033.jpg
Miguel A. Rodriguez
Miguel A. Rodriguez
12 November 2020
The number of unemployment claims continues to decrease

The US Labor Department released earlier today the unemployment claims figures.

In the past week, the unemployment claims declined to 709,000, lower than last week’s 757,000. Also, it failed to match the 730,000 consensus. Last week was the fourth consecutive one when the total declined from the previous period. However, the claims are still higher compared to the pre-pandemic record of 695,000 reported in 1982.

Georgia reported the most significant decrease at a state level – 14,127, while in California, the numbers rose by 5,162.

But the numbers are dropping progressively, showing an improvement of the US economy given the current situation. The country is setting records of daily COVID-19 infections, forcing various states to impose new restrictions.

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

Sources: forexfactory.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. 

Share this article

How did you find this article?

Awful
Ok
Great
Awesome

Read More

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.