The number of unemployment claims continues to drop

February 04, 2021
The number of unemployment claims continues to drop

Better-than-expected number of unemployment claims

This week, the US Department of Labor revealed that the country’s economy could be on track for a recovery following the weekly unemployment claims.

In the past week, 779,000 people filed for unemployment due to the latest restriction imposed to curb the spread of the new COVID-19 strain. The numbers came in lower than what the market forecasted – 828,000.

Markets barely reacted to the news, the US indices moving between -0.1% and 0.3%.

Now, all eyes are on tomorrow non-farm payrolls.

Keep an eye on the markets with!


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This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.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

Recently Added