The US Unemployment Claims are still over the 800,000 mark

December 23, 2020
The US Unemployment Claims are still over the 800,000 mark

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

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This information may not be published, circulated, reproduced or distributed in whole or in part to any other person without the Company’s prior written consent.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

Recently Added

Most Affected Instruments

USA500
arrow
usa500 chart
USA30
arrow
usa30 chart
TECH100
arrow
tech100 chart