Lower-than-expected US unemployment claims

By: Miguel A. Rodriguez

17:06, 15 April 2021

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It seems like the US labor market and economy are making progress in recovering from the pandemic’s effects

The latest report from the Department of Labor showed that in the past week, 576K people filed for unemployment for the first time, plunging to a new pandemic-era low after last week’s unexpected surge. The figures came in ahead of the 703K expected by analysts. This data follows March’s non-farm payrolls of 916K.

At the same time, retail sales surged 9.8% last month as people received and spent their stimulus checks, the Commerce Department reported. The increase topped the 5.8% estimates. 

USA500 added 0.7%, and TECH100 went up 1%.

Sources: forexfactory.com, cnbc.com

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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. 

Most affected instruments

TECH100

$ 10

USA500

$ 10