U.S. Weekly Jobless Claims Pull Back But Remain Above 1 Million
27 Août 2020 - 11:28AM
RTTF2
After reporting an unexpected increase in first-time claims for
U.S. unemployment benefits in the previous week, the Labor
Department released a report on Thursday showing initial jobless
claims pulled back in the week ended August 22nd.
The report said initial jobless claims dropped to 1.006 million,
a decrease of 98,000 from the previous week's revised level of
1.104 million.
Economists had expected jobless claims to decline to 1.000
million from the 1.106 million originally reported for the previous
week.
With jobless claims stuck above 1 million, Nancy Vanden Houten,
Lead U.S. Economist at Oxford Economics said, "The data show that
layoffs remain widespread and underscore that a full recovery in
the labor market won't occur until the coronavirus is well under
control."
The Labor Department said the less volatile four-week moving
average also fell to 1,068,000, a decrease of 107,250 from the
previous week's revised average of 1,175,250.
Continuing claims, a reading on the number of people receiving
ongoing unemployment assistance, also tumbled by 223,000 to 14.535
million in the week ended August 15th.
The four-week moving average of continuing claims plunged to
15,215,750, a decrease of 604,000 from the previous week's revised
average of 15,819,750.
Next Friday, the Labor Department is scheduled to release its
more closely watched monthly report on the employment
situation.
Economists currently expect employment to jump by 1.550 million
jobs in August after surging up by 1.763 million jobs in July. The
unemployment rate is expected to dip to 9.9 percent from 10.2
percent.
US Dollar vs CHF (FX:USDCHF)
Graphique Historique de la Devise
De Mar 2024 à Avr 2024
US Dollar vs CHF (FX:USDCHF)
Graphique Historique de la Devise
De Avr 2023 à Avr 2024