BREAKING: US Jobless Claims Slightly Above Expectations

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The number of Americans filling for unemployment benefits was 0.870 million in the week ended September 19th, compared to 0.860 million in the previous week, bringing total claims above 60.0 million since March 21st when the coronavirus pandemic started in the US. Today’s reading came in above market expectations of 0.840 million. It is the fourth consecutive week with claims below 1 million, however still remains far above 665,000 filed at the peak of the Great Recession in March 2009.

Continuing claims, which lags initial jobless claims data by one week, reach 12.628 million, while analysts expected a drop to 12.30 million.

US continuing jobless claims are at the lowest level since the beginning of April when the effects of the coronavirus pandemic started to being felt.. Source: Macrobond, XTB

EURUSD broke below the 1.1673 support after today's data releases and is heading towards next support at 1.1578. 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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