US Jobless Claims decreased for the third consecutive week

April 29, 2021
US Jobless Claims decreased for the third consecutive week

The US unemployment claims got close to a new pandemic-era low, according to the latest data from the US Department of Labor

In the past week, 553,000 people filed for unemployment for the first time. The figures came higher than the 545,000 estimated. Still, it is the third consecutive week when the numbers dip below 600,000. Though the claims have been declining, more than 16.5 million Americans are still receiving unemployment benefits across all COVID-19-related programs.

However, the overall economic data released points to a strong trend in the job market’s recovery.

Following the news, USA30 and USA500 added 0.44% and 0.67%, respectively, while the Dollar Index went up 0.07%.

Sources: forexfactory.com, finance.yahoo.com

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