The weekly jobless claims report shows another 3 million unemployed people, adding to a total of 33 million since pandemic started
Today's report showed that more than 3.1 million people filed for unemployment claims last week. Still, it is lower than the 3.8 million from two weeks ago, and the 6.8 million in late March when the country entered the lockdown.
In almost two months, approximately 33 million Americans claimed unemployment benefits, and the monthly jobless rate heads to absolute negative records. The overall unemployment number surpasses the number of jobs created since the Great Recession.
Analysts are expecting the unemployment rate to be close to 20%, with significant declines over several industries, especially those in which remote work is not an option. The highest number of claims comes from California once again, with approximately 318,000 jobless individuals.
Analysts think that from now on, the trend should be decreasing.
See the difference when trading with CAPEX.com by accessing elite features:
- Stellar custom service
- Powerful WebTrader platform and mobile app
- High-end integrated trading tools
- Full license and regulation from top regulators
Sources: forexfactory.com, cnbc.com, reuters.com
The information presented herein is prepared by CAPEX.com and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only and as such it has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is not subject to any prohibition on dealing ahead of the dissemination of investment research.
Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation. Therefore, Key Way Investments Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.
Gli utenti / lettori non dovrebbero fare affidamento esclusivamente sulle informazioni qui presentate e dovrebbero fare le proprie ricerche / analisi anche leggendo la ricerca reale sottostante. Il contenuto è generico e non tiene conto di circostanze personali individuali, esperienza di investimento o situazione finanziaria attuale.
Pertanto, Key Way Investments Ltd non accetta alcuna responsabilità per eventuali perdite di trader a causa dell'uso e del contenuto delle informazioni presentate nel presente documento. Le prestazioni passate e le previsioni non sono un indicatore affidabile dei risultati futuri.