Worse-than-expected US Unemployment Claims

Worse-than-expected US Unemployment Claims

The economic recovery seems to be stalling

As weeks pass by, the US economy doesn’t show signs of recovery from the #pandemic. The latest report from the US Department of Labor is proof of this.

The first-time #unemployment claims number was worse than what the market expected. In the past week, 840,000 people filed for unemployment benefits for the first time. Economists were forecasting 820,000. Despite the numbers showing a decrease in job growth, this is the lowest reading since mid-March.

These figures come almost a week after the Department announced that the non-farm payrolls rose by 661,000 for the month of September.

Despite the results, the American benchmarks are to open higher, USA30 being higher almost 2%. USA500 is in positive territory at 1.74%.

Read here the latest NFP report!

Sources: forexfactory.com, cnbc.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This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.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.