Better-than-expected US Unemployment Claims

November 12, 2020

The unemployment claims are decreasing week by week

The newest report from the US Department of Labor showed how the American market seems to be on a steady recovery from the pandemic’s effects.

In the past week, 709,000 people filed for unemployment benefits for the first time. Although they are still high, the figures are lower than the 757,000 reported in the previous week. Compared to the pre-pandemic record of 695,000 reported in 1982, the numbers are still high.

However, according to specialists, the numbers are steady in their downward trajectory, which indicates a rebound of the American economy.

USA30, USA500, and TECH100 – the American benchmarks opened mixedly.

Sources: forexfactory.com, investing.com

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