US Jobless Claims Top 2.1M

The number of Americans filling for unemployment benefits was 2123 million in the week ended May 23rd, bringing total claims to near 41 million since March 21st when the coronavirus pandemic started in the US, which represents almost a quarter of the US work force. Today’s reading came in slightly above market expectations of 2.1 million. After hitting a record of 6.867 million in the week ending March 28th, the claims have been on a steady decline. Continuing claims 21052K below market expectations of 25680K.

EURUSD is trading slightly higher after publication of today’s jobless claims report. The most popular currency pair is heading towards 1.1037 resistance level. Source: xStation5

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