Unemployment Claims fell once again last week

Unemployment Claims fell once again last week

The US labor market seems to step up its recovery process, according to latest official report

First-time jobless claims totaled 547,000, which was below the 607,000 estimated and a new low for the pandemic era. The progress made on vaccinating people - nearly 3 million doses administrated daily - contributed to the recovery.

Despite the continuous decline, and with states relaxing restrictions and looking to hire people, approximately 8 million Americans remain without a job due to the pandemic.

Following the news, markets pointed to a flat opening.

Sources: cnbc.com, forexfactory.com

The information presented herein is prepared by ae.capex.com and does not intend to constitute Investment Advice. The information herein is provided as a general marketing communication for information purposes only.

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.