The US labor market continues to recover

By: Miguel A. Rodriguez

18:04, 12 August 2021

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The US Department of Labor released the weekly data on unemployment claims

In the past week, 375,000 people filed for the first time for initial jobless claims, marking the third consecutive week when the figures declined. As the economy started to recover, the jobless claims have come down sharply, and they have settled close to the 400,000 level in recent weeks.

 The latest report comes after the July jobs report showed a bigger-than-expected gain in employment.

Labor market’s recovery has been an important metric for investors, as Federal Reserve officials decided to let inflation run hotter than usual to bring back jobs lost during 2020’s shutdowns. If strong jobs reports are released in August and September, the central bank could start slowing its asset purchases in the fall.

Despite the news, the US stocks opened primarily flat.

 

Sources: cnbc.com, forexfactory.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.