The weekly claims rose less than forecasted
The US Department of Labor released yet another report which
shows the collapse of the country’s labor market caused by the pandemic.
In the past week, 803,000 people filed for the first time
for unemployment benefits. On the bright side, the latest figures are lower than
the 882,000 that the market was looking for. Moreover, the numbers came in
considerably lower than last week’s 892,000.
The US finds itself in a slump as President Donald Trump
threatened to not sign the bill for the latest $900 billion stimulus package,
including $600 checks and money for federal jobless benefits and businesses.
The fact that the claims are still sky high and the number
of daily new COVID-19 infections topped 215,000 caused USA30, USA500, and TECH100 to open the
American trading session mixedly.
Sources: forexfactory.com, investing.com
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