The Congress is focusing on ways to inject more money into the economy
The US Department of Labor’s latest report regarding the number of weekly unemployment claims showed a decline.
In the past week, 900,000 were left without a job due to the
pandemic. The figures came in lower than the 930,000 expected.
The hospitality industry has been hit the hardest, like
restaurants, hotels, clubs had to close their businesses. Only in January,
498,000 jobs were lost in this sector.
Despite the high number of claims, the markets didn’t seem
to react to the news, as they were focused on President Joe Biden and Congress’
efforts to deliver a substantial fiscal stimulus to help the country’s battered
Sources: investing.com, forexfactory.com
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