Article Hero

Unemployment Claims rose less than expected

1614867761.png
Miguel A. Rodriguez
Miguel A. Rodriguez
08 marzo 2021
The number of initial jobless claims showed little progress

First-time claims for unemployment figures came in lower-than-forecasted.

According to the US Labor Department, last week, 745,000 filed for unemployment benefits. The market was looking for 758,000. Although the number was lower, the total was a slight uptick from the previous week’s 730,000.

Despite the progress made with the COVID-19 vaccination programs and the predominantly positive economic data, the number of filings increased in key states such as Texas, Ohio, and New York.

This report came after yesterday’s ADP, which showed that the private sector created 117,000 jobs in the past month, below the 203,000 consensus.

The market quickly reacted, with USA30 and USA500 trading 0.19% and 0.04% higher, respectively.

Now, all eyes are on tomorrow’s non-farm payrolls.

Stay updated with the latest financial news with CAPEX.com!

Sources: forexfactory.com, cnbc.com

disclaimers_articles

article_share_title

article_rating_title

awful
ok
great
awesome

read_more

Miguel A. Rodriguez
Miguel A. Rodriguez
financial_writer

Miguel ha lavorato per importanti istituzioni finanziarie, come Banco Santander e Banco Central-Hispano. È autore di libri sul trading di valuta con diverse pubblicazioni alle spalle.