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

December 23, 2020

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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