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Unemployment Claims figures came in below estimates

Miguel A. Rodriguez
Miguel A. Rodriguez
25 January 2021
Americans continue to be affected by the pandemic

After last week the US Department of Labor was shocked by the number of people who lost their jobs because of the pandemic, today we will find out that the pandemic continues to affect the labor market.

According to the report, 900,000 people lost their jobs in the past week, a figure lower than the 930,000 forecasted. They are also lower than those reported last week – 965,000 – the highest figure since August 2020.

Now that Joe Biden officially became the President of the United States, markets are holding their breath on his proposal of a $1.9 trillion stimulus package.

Following the report, USA500, USA30, and TECH100 reacted little to the news.


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.