The US Unemployment Claims pause the recent upward trend

February 25, 2021
The US Unemployment Claims pause the recent upward trend

Weekly unemployment claims fell more than expected

According to the latest report from the US Department of Labor, 730,000 people were left without a job in the past week, less than the 828,000 estimated. It was the first time in seven weeks when the figures did not surpass the 800,000 mark.

Also, the US Department of Commerce revealed the second reading for the fourth-quarter gross domestic product. In the last three months of 2020, the GDP expanded 4.1%, falling short of the 4.2% consensus.

The American indices did not react positively to these reports, with USA30 losing 0.02% and USA500 trading 0.42% lower in the premarket session.

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Sources: forexfactory.com, investing.com

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