BREAKING: US jobless claims surge to 6648k!

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Initial jobless claims surged once again in the United States, highlighting the negative impact of the coronavirus outbreak and lockdown measures on the economy. The reading showed claims at 6648k! That's above the highest estimate in the Bloomberg survey and much higher than expected 3500k. Let us recall that last week jobless claims came in at 3283k (exp. 1000k). US500 dipped in a knee-jerk move but started to recover later on. USD weakened on the release.

Today's reading amounts to more or less 2% of the US population. Source: XTB Research

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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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