Weekly jobless claims fell short of the mark
This week’s report from the US Department of Labor showed gloomy figures. The weekly jobless claims numbers came in worse-than-expected, still showing pandemic-inflicted damage.
The Department reported 884,000 filings compared to the 838,000 forecasted.
At a state level, Florida reported the most significant decrease – 9,049, while California had the biggest increase in the number of filings – 17,953.
From the economists' perspective, a possible autumn resurgence in the number of COVID-19 cases could cause slowness or even a reversal of the progress shown in the latest NFP report.
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Sources: forexfactoy.com, cnbc.com
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