The labor market stagnates amid COVID-19 surge
The US Bureau of Labor Statistics released its report on
non-farm payrolls.
According to it, the American labor market has created
245,000 jobs in the past month, lower than the 480,000 forecasted by the
market. The spike in COVID-19 infections, along with the slowdown in hiring,
led to this low number.
Still, the unemployment rate came in line with the 6.8%
expected, clocking at 6.7%. Economists believe that in the second part of 2021,
the growth will be much stronger. In the following months, they expect the rebound
to be flat or even negative.
The American benchmarks, USA500, USA30, and TECH100, opened higher.
Sources: forexfactory.com, investing.com
This information prepared by ClickTrades.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 have 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This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.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 ClickTrades.com.
Previous Article
Snowflake posted in line with the expectations Q3 earnings
Next Article
Startup Aurora to buy Uber self-driving car business