Unemployment Claims edge down

Unemployment Claims edge down

The number of first-time unemployment claims was little changed over the past week, indicating that the job market could be stagnating

According to the latest report from the US Department of Labor, for the week ended November 13, 268,000 people filed for the first time for unemployment benefits. The number came 1,000 lower than that reported the week before. However, the figures were higher than the 260,000 expected.

The total was the lowest reported since the beginning of the pandemic but, at the same time, is close to what claims have been in October. Fillings have decreased since mid-October, which could point to more robust employment growth. The pandemic has caused worker shortages, leaving 10.4 million job openings as of the end of September.

In October, 531,000 jobs were created, while the employment growth averaged 582,000 per month, and the labor force is down 3 million compared to the pre-pandemic level.

Sources: forexfactory.com, investing.com

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This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.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

JME Financial Services (Pty) Ltd trading as ZA.CAPEX.COM acts as intermediary between the investor and Magnasale Trading Ltd, the counterparty to the contract for difference purchased by the Investor via ZA.CAPEX.COM, authorised & regulated by the Cyprus Securities and Exchange Commission with license number 264/15. Magnasale Trading Ltd is the principal to the CFD purchased by investors.