Unemployment Claims

By: Miguel A. Rodriguez

09:45, 14 September 2020

1591885362.jpg
Unemployment claims for May fell below expectations.

The number of people who filed for unemployment benefits week by week due to the pandemic is getting lower.

The latest report from the Department of Labor delivered promising data. From an expected 1.55 million, the real number adjusted to 1.54 million. Although it decelerated for ten consecutive weeks, it still remained high from a historical point of view. California showcased the most significant number – an estimate of 258, 000.

Overall, in the past three months, over 44 million filed for unemployment. Now, the unemployment rate fell from 14.7% to 13.3%, pushed by the 2.5 million non-farm payrolls.

The market had no reaction to the news but was moved upon opening by the increased number of new coronavirus cases emerging after some states reopened. USA30 lost 3.4%, while USA500 fell 2.7%. TECH100 shed 1.9%.

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financial adviser as needed, before dealing in any financial products mentioned in this document.This information may not be published, circulated, reproduced, or distributed in whole or in part to any other person without the Company’s prior written consent.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