Unemployment Claims rose from a pandemic-era low

By: Miguel A. Rodriguez

17:21, 16 September 2021

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The latest surge of the Delta variant left its mark on the latest number of unemployment claims

According to the Labor Department, the number of people who filed for unemployment insurance for the first-time last week came in at 332,000. The market was looking for 325,000 filings. Last week’s numbers were significantly higher than those reported the previous week – 312,000.

Initial jobless claims had reached their lowest level since March 2020 at the start of September. The figures underscored that labor shortages and difficulties in hiring had been the biggest drag on the labor market.

The latest figures point to a mixed economic picture. USA500 lost 0.1%, and TECH100 shed 0.3%.

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. 

Most affected instruments

TECH100

$ 10

USA500

$ 10