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US Unemployment Claims rose unexpectedly

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Miguel A. Rodriguez
Miguel A. Rodriguez
24 September 2020
The number of unemployment claims continues to be higher-than-expected

The latest data from the Department of Labor showed a negative result once again. The figures for weekly #unemployment claims came in higher than those forecasted.

Last week, 870,000 people filed for unemployment benefits for the first time due to the #pandemic. The market was looking for 845,000 new claims. 

New York and Georgia reported the most significant increase at a state level, with 9,000 claims and more than 6,000, respectively.

The gloomy data came in at a time when the US lawmakers are trying to make another stimulus package possible, after the Federal Reserve's Chairman, Jerome Powell asked for more fiscal support.

After the data release, USA30 lost 0.7%. 

Read the latest unemployment claims reports on CAPEX.com!

Sources: forexfactory.com, cnbc.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.