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Second consecutive decline for the US jobless claims

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Miguel A. Rodriguez
Miguel A. Rodriguez
07 February 2022
Initial filings for unemployment totaled less than expected in the past week

For the week ended January 29, 238,000 people filed for the first time for unemployment benefits. The figures came in lower than the 245,000 expected. This report closes a difficult January in which millions of Americans lost their jobs because of Covid’s impact. However, analysts are optimistic that the cases sharply declined in the past two weeks.

The Census Bureau data revealed that more than 8.7 million workers missed time in late January into February due to Covid-related issues.

The unemployment claims came in a day before the non-farm payrolls report, which is expected to show a gain of 145,000 new jobs.  

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.