The American economy still feels the pandemic’s effects
The latest report from the US Department of Labor shows that its economy is still under the pandemic’s spell.
Last week, 751,000 people applied for unemployment benefits for the first time. The figures came in higher than the 740,000 expected by the market. The figures are well above what was considered to be a normal level before the pandemic. However, it is the third consecutive week when claims were below 800,000.
Now, all eyes are on tomorrow’s non-farm payrolls. The market expects 600,000 jobs to have been created in the last month.
This information is prepared for general circulation. It does not have 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This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.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 sc.capex.com