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Unemployment Claims edge down

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Miguel A. Rodriguez
Miguel A. Rodriguez
18 November 2021
The number of first-time unemployment claims was little changed over the past week, indicating that the job market could be stagnating

According to the latest report from the US Department of Labor, for the week ended November 13, 268,000 people filed for the first time for unemployment benefits. The number came 1,000 lower than that reported the week before. However, the figures were higher than the 260,000 expected.

The total was the lowest reported since the beginning of the pandemic but, at the same time, is close to what claims have been in October. Fillings have decreased since mid-October, which could point to more robust employment growth. The pandemic has caused worker shortages, leaving 10.4 million job openings as of the end of September.

In October, 531,000 jobs were created, while the employment growth averaged 582,000 per month, and the labor force is down 3 million compared to the pre-pandemic level.

 

Sources: forexfactory.com, investing.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.