• DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
  • DAILY UPDATES
  • MARKETS
    • Forex
    • CFDs
    • Spot Metals
    • Indices
  • ANALYSIS
    • Fundamental Analysis
    • Technical Analysis
  • ARTICLES
No Result
View All Result
FTD Limited
No Result
View All Result

US Jobless Claims are on the Rise

FTD Limited by FTD Limited
October 1, 2021
Reading Time: 2 mins read
A A
US Jobless Claims are on the Rise
0
SHARES
25
VIEWS
tweetpostshare

US jobless claims are on the rise, the number of Americans filing for unemployment benefits unexpectedly rose last week due to expired federal jobless benefits. 

The US economy is still recovering, but the labor market is indicating that growth is slowing in the face of obstacles ranging from the spread of the Delta variant of COVID-19 to stingier jobless benefits. 

Last week, weekly unemployment claims, a proxy for layoffs, increased by 11,000 more than predicted to 362,000. Initial claims have risen for the third week in a row, reaching their highest level since early August. 

California had the largest increase by state, with nearly 18,000 more people filing for initial unemployment benefits last week than the week before. The expiration of federal unemployment benefits earlier this month, according to Goldman Sachs experts, may have boosted the number of Californians claiming state unemployment benefits. 

“The increase in initial jobless claims was again driven by a rise in California likely related to transitions from expired federal unemployment insurance benefits to other benefit programs,” said Goldman 

The health of the labor market is a critical indicator of the world’s largest economy. 

Why Americans Filing for Unemployment Benefits 

Although the economy has added employment every month this year, it only added 235,000 positions in August as hiring slowed. It is contributed to climbing infections rates from the highly contagious Delta variant of the coronavirus. 

Jerome Powell, the chairman of the Federal Reserve, has stated that he and his colleagues are dedicated to preserving their low-interest-rate policies if that is what it takes to put Americans back to work. Powell also said, “factors related to the pandemic, such as caregiving needs and ongoing fears of the virus, appear to be weighing on employment growth.” 

In addition, inflation muddies the waters. The Federal Reserve has a twin mandate: to achieve maximum employment while keeping inflation within its long-term goal range of 2%. 

Learn more about us
Tags: US Economyus jobless claims
TweetShareShareSend
Previous Post

German Inflation Hits a 29-Year High of 4.1%

Next Post

XAGUSD must Break Ongoing Downtrend

Related Posts

COT Weekly Non-Commercial Net Positions
CFDS

COT Weekly Non-Commercial Net Positions

Silver Slowed Down After the Massive Run
CFDS

Silver Slowed Down After the Massive Run

S&P 500 Bulls to Make Another Attempt to Break the Trend
DAILY UPDATES

S&P 500 Bulls to Make Another Attempt to Break the Trend

Mixed Course in Asian Stock Markets
DAILY UPDATES

Mixed Course in Asian Stock Markets

Oil prices
DAILY UPDATES

Break to China Rally in Oil

IMF
DAILY UPDATES

Year-End Forecast from IMF

Next Post
XAGUSD must Break Ongoing Downtrend

XAGUSD must Break Ongoing Downtrend

You might also like

Monthly FX Market Outlook

Monthly FX Market Outlook

What is RSI

What is RSI and How to Use It Effectively? 

Psychology of trading plays a vital role in one's trading decisions

Trading Psychology

Differences between MT4 and Mt5

MT4 and MT5’s Differences – How to See the Total Lot Sizes in MT5?

Regulated and Licensed Forex Brokerage Company

Regulated Entities

FTD Limited's White Label Program gives you a chance to have your own brand within financial markets.

White Label Solutions

Recent Posts

  • COT Weekly Non-Commercial Net Positions
  • Silver Slowed Down After the Massive Run
  • S&P 500 Bulls to Make Another Attempt to Break the Trend
  • Mixed Course in Asian Stock Markets
  • Break to China Rally in Oil
FTD Limited

The content of the site is presented for informational purposes only not to give any investment advice which mainly focuses on financial instruments such as Forex, Spot Metals, CFDs, and Indices.

MENU

  • DAILY UPDATES
  • MARKETS
  • ANALYSIS
  • ARTICLES

Latest Articles

  • COT Weekly Non-Commercial Net Positions
  • Silver Slowed Down After the Massive Run
  • S&P 500 Bulls to Make Another Attempt to Break the Trend

Subscribe to our newsletter and get notified about the next update.

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    No Result
    View All Result
    • DAILY UPDATES
    • MARKETS
      • Forex
      • CFDs
      • Spot Metals
      • Indices
    • ANALYSIS
      • Fundamental Analysis
      • Technical Analysis
    • ARTICLES

    © 2021 FTD Limited

    FTD Articles is a website prepared by FTD Limited's research team. FTD Limited is an online brokerage company offering products of Forex, Spot Metals and CFDs.

    The ideas and the information shown here have no responsibility of any of the trading decisions made by the investors or the visitors of this site. Therefore, under no circumstances will FTD Limited nor FTD Articles be held responsible or liable in any way for any claims, damages, losses, costs or liabilities resulting or arising directly or indirectly from the use of website content. We recommend that you seek advice if you have not involved with trading before in order to prevent potential risks that may arise.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.