- Analytics
- News and Tools
- Market News
- U.S. Initial Jobless Claims: Devastating report – RBC
U.S. Initial Jobless Claims: Devastating report – RBC
FXStreet reports that Josh Nye from the Royal Bank of Canada notes that new unemployment insurance claims skyrocketed to 6.65 million last week while current unemployment rate nearing 10%, 2009's high.
“Jobless claims came in well above expectations with another 6.65 million Americans filing for unemployment insurance last week, building on what was already a record 3.31 million claims in the prior week.”
“Those 10 million people represent about 6% of the US labour force, suggesting the current unemployment rate is near the last recession's high water mark of 10%. And layoffs are likely to continue in the coming weeks.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
