Notifications Bell

Second consecutive decline for the US jobless claims

Second consecutive decline for the US jobless claims

Initial filings for unemployment totaled less than expected in the past week

For the week ended January 29, 238,000 people filed for the first time for unemployment benefits. The figures came in lower than the 245,000 expected. This report closes a difficult January in which millions of Americans lost their jobs because of Covid’s impact. However, analysts are optimistic that the cases sharply declined in the past two weeks.

The Census Bureau data revealed that more than 8.7 million workers missed time in late January into February due to Covid-related issues.

The unemployment claims came in a day before the non-farm payrolls report, which is expected to show a gain of 145,000 new jobs.

Sources: cnbc.com, forexfactory.com

This information prepared by sc.capex.com 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 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This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.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