Better-than-expected US unemployment claims
Today, the US Department of Labor met investors’ expectations after the number of unemployment claims went live.
The number of people who applied for initial unemployment benefits came in lower than forecasted. In the past week, 787,000 Americans have lost their jobs due to the pandemic. On the bright side, this was the lowest reading since the beginning of the pandemic in March.
According to the numbers, the unemployment rate will drop 0.7% to 5.7%.
The report came is as talks about the new stimulus package will either continue or be postponed to a future date, after the November 3 presidential elections.
Sources: forexfactory.com, investing.com, cnbc.com
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This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.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