BREAKING: US Jobless Claims below 800k for 3rd week

The number of Americans filling for unemployment benefits was 0.751 million in the week ended October 31st, compared to 0.758 million in the previous week. Today’s reading came in above market expectations of 0.732 million. It is the third consecutive week with claims below 800k, however today’s reading still remains far above 665,000 filed at the peak of the Great Recession in March 2009.

Continuing claims reading, which lags initial jobless claims data by one week, reach 7.285 million, while analysts expected a drop to 7.2 million. Today’s reading still remain much above 1.7 million average reported before the pandemic.

EURUSD saw relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.1840 level. Source: xStation5

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This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

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