Lower-than-expected US Unemployment Claims

By: Miguel A. Rodriguez

16:43, 12 November 2020

1605192033.jpg
The number of unemployment claims continues to decrease

The US Labor Department released earlier today the unemployment claims figures.

In the past week, the unemployment claims declined to 709,000, lower than last week’s 757,000. Also, it failed to match the 730,000 consensus. Last week was the fourth consecutive one when the total declined from the previous period. However, the claims are still higher compared to the pre-pandemic record of 695,000 reported in 1982.

Georgia reported the most significant decrease at a state level – 14,127, while in California, the numbers rose by 5,162.

But the numbers are dropping progressively, showing an improvement of the US economy given the current situation. The country is setting records of daily COVID-19 infections, forcing various states to impose new restrictions.

The American benchmarks USA30, USA500, and TECH100, are said to open mixedly.

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financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.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

Most affected instruments

USA30

$ 10

USA500

$ 10

TECH100

$ 10