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It seems like the US labor market and economy are making progress in recovering from the pandemic’s effects
The latest report from the Department of Labor showed that in the past week, 576K people filed for unemployment for the first time, plunging to a new pandemic-era low after last week’s unexpected surge. The figures came in ahead of the 703K expected by analysts. This data follows March’s non-farm payrolls of 916K.
At the same time, retail sales surged 9.8% last month as people received and spent their stimulus checks, the Commerce Department reported. The increase topped the 5.8% estimates.
USA500 added 0.7%, and TECH100 went up 1%.
Sources: forexfactory.com, cnbc.com
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Users/readers should not rely solely on the information presented herewith and should do their own research/analysis by also reading the actual underlying research. The content herewith is generic and does not take into consideration individual personal circumstances, investment experience or current financial situation.
Key Way Markets Ltd shall not accept any responsibility for any losses of traders due to the use and the content of the information presented herein. Past performance is not a reliable indicator of future results.
