The US labor market shows signs of recovery
The latest report from the US Department of Labor came in, and the weekly #unemployment claims figures were better than forecasted.
In the past week, 881,000 people filed for unemployment benefits. It marks the second consecutive week when the figures came in below 1 million. Compared to last week’s numbers, the number of claims decreased with 130,000, showing an improved labor market.
At a state level, Florida reported the most significant decline – 12,312. At the same time, California had the biggest increase – 39,958.
Now, economists are expecting the non-farm payrolls report for August. According to them, the unemployment rate should fall to 9.8% from the current 10.2%.
Read more job reports on CAPEX.com!
Sources: forexfactory.com, cnbc.com
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This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.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 za.capex.com