Article Hero

Higher-than-expected US Unemployment Claims

1599748259.jpg
Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Weekly jobless claims fell short of the mark

This week’s report from the US Department of Labor showed gloomy figures. The weekly jobless claims numbers came in worse-than-expected, still showing pandemic-inflicted damage. 

The Department reported 884,000 filings compared to the 838,000 forecasted. 

At a state level, Florida reported the most significant decrease – 9,049, while California had the biggest increase in the number of filings – 17,953.

From the economists' perspective, a possible autumn resurgence in the number of COVID-19 cases could cause slowness or even a reversal of the progress shown in the latestNFP report.

Following the report, USA30 gained 0.7%, while USA500 added 0.7%. TECH100 went up 0.9%.

Read the latest job reports on CAPEX.com!

Sources: forexfactoy.com, cnbc.com


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financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.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.

Share this article

How did you find this article?

Awful
Ok
Great
Awesome

Read More

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.