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USA: Unemployment claims

Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
The pandemic might be under control, but the number of unemployed people isn't.

Although states began to resume their businesses, the number of unemployed people is still high. 

The latest report released by the Department of Labor showed another 2.438 million people who have filed for unemployment benefits. The result is higher than the 2.4 million expected.

In nine weeks, more than 38 million people wound up without a job.

At a state level, California had an increase of 33,448, while Georgia dropped by 66,224. Besides these numbers, there are another 2.23 million under Pandemic Unemployment Assistance. 

Unlike the previous reports, when the market didn't budge, today the American benchmarks reacted: USA30 lost 0.2%, as well as USA500. TECH100 dropped by 0.1%.


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.