A new post-pandemic low for the unemployment claims

By: Miguel A. Rodriguez

16:58, 20 May 2021

The downward trend of the US unemployment claims gains momentum, according to the latest data

According to the US Department of Labor, 444,000 people filed for the first time for unemployment in the past week. The figures came ahead of the 453,000 expected, marking a new pandemic-era low. During the same time last year, claims topped 2.3 million.

The jobs picture continues to improve due to the accelerated economic reopening across the country. Moreover, the US administers 1.8 million vaccine shots daily, spurring the economic rebound. Still, Federal Reserve officials continue to call for more improvement in the labor market.

At the moment of writing, USA500 is trading 0.06% higher, and the Dollar Index is at 90.005.

Sources: cnbc.com, forexfactory.com

Share this article

This information prepared by capex.com/za is not an offer or a solicitation for the purpose of purchase or sale of any financial products referred to herein or to enter into any legal relations, nor an advice or a recommendation with respect to such financial products.This information is prepared for general circulation. It does not regard to the specific investment objectives, financial situation, or the particular needs of any recipient.You should independently evaluate each financial product and consider the suitability of such a financial product, by taking into account your specific investment objectives, financial situation, or particular needs, and by consulting an independent financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.
Past performance is not always indicative of likely or future performance. Any views or opinions presented are solely those of the author and do not necessarily represent those of capex.com/zaJME Financial Services (Pty) Ltd trading as CAPEX.COM/ZA acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via CAPEX.COM/ZA, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15.  Magnasale Trading Ltd is the principal to the CFD purchased by investors.