Unemployment claims to decline further

April 22, 2021
Unemployment claims to decline further

Jobless claims hit a new low

The improvement in the American labor market continues last week, thanks to a relaxation of lockdown measures across the country.

According to the Department of Labor’s report, in the past week, 547,000 people filed for unemployment for the first. The figures came ahead of the 607,000 expected, reaching a new low since the pandemic started.

Despite the progress made with vaccination against COVID-19 – roughly 3 million doses are being administrated daily – there are still about 8 million people without work due to the pandemic.

The markets slightly reacted to the news, pointing to a flat opening.

Sources: forexfactory.com, investing.com

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