BREAKING: US Jobless Claims above 1.0 million; US GDP shrank 31.7% in Q2 2020

The number of Americans filling for unemployment benefits was 1.006 million in the week ended August 22nd, after 1.1 million thousand in the previous week, bringing total claims above 57.0 million since March 21st when the coronavirus pandemic started in the US. Today’s reading came in slightly above market expectations of 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 14.53 million, while analysts expected a drop to 14.45 million.

This might be a sign that the labour market recovery may take much more time than initially expected.

Meanwhile revised US GDP report for Q2 2020 showed that the US economy shrank 31.7%(annualized). Market expected a drop of 32.5%. Private consumption declined to 34.1% while analysts’ expected a drop of 34.6% (annualized).

EURUSD saw relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.1810 level. Source: xStation5

30 July 2026, 1:32 PM

BREAKING: US GDP below estimates! EURUSD struggles for direction!

30 July 2026, 12:53 PM

BREAKING: BoE Keeps Rates Unchanged

30 July 2026, 7:56 AM

Economic Calendar: What will drive the markets today❓(30.07.2026)

30 July 2026, 6:38 AM

Morning Wrap: Markets Are Trying to Rebound Following Big Tech Earnings and the Fed's Decision

Economic reports

Cookie name	Description
SERVERID
userBranchSymbol	Expiration date 1 day
test_cookie	Expiration date 1 hour
adobe_unique_id	Expiration date 364 days
__hssc	Expiration date 1 hour
SESSID	Expiration date 1 day
__cf_bm	Expiration date 1 hour
intercom-id-iojaybix	Expiration date 270 days
intercom-session-iojaybix	Expiration date 6 days
xtbCookiesSettings	Expiration date 364 days
TS5b68a4e1027
countryIsoCode
xtbLanguageSettings	Expiration date 364 days
userPreviousBranchSymbol	Expiration date 364 days
intercom-device-id-iojaybix	Expiration date 270 days
__cfruid
_cfuvid

Cookie name	Description
_gid	Expiration date 1 day
_gat_UA-98728395-1	Expiration date 1 hour
_gat_UA-121192761-1	Expiration date 1 hour
_gcl_au	Expiration date 89 days
_ga_CBPL72L2EC	Expiration date 729 days
_ga	Expiration date 729 days
__hstc	Expiration date 179 days
__hssrc
_vwo_uuid_v2	Expiration date 365 days
_ga_TC79BEJ20L	Expiration date 729 days
_vwo_uuid	Expiration date 365 days
_vwo_ds	Expiration date 29 days
_vwo_sn	Expiration date 1 hour
_vis_opt_s	Expiration date 99 days
_vis_opt_test_cookie
af_id	Expiration date 394 days
afUserId	Expiration date 730 days
AF_SYNC	Expiration date 6 days
AnalyticsSyncHistory	Expiration date 29 days

Cookie name	Description
MUID	Expiration date 389 days
_omappvp	Expiration date 3998 days
_omappvs	Expiration date 1 hour
_uetsid	Expiration date 1 day
_uetvid	Expiration date 389 days
_fbp	Expiration date 89 days
fr	Expiration date 89 days
_ttp	Expiration date 89 days
_tt_enable_cookie	Expiration date 89 days
hubspotutk	Expiration date 179 days
IDE	Expiration date 389 days
YSC
VISITOR_INFO1_LIVE	Expiration date 179 days
li_sugr	Expiration date 89 days
guest_id_marketing	Expiration date 729 days
guest_id_ads	Expiration date 729 days
guest_id	Expiration date 729 days
muc_ads	Expiration date 729 days
VISITOR_PRIVACY_METADATA	Expiration date 179 days
MSPTC	Expiration date 389 days

Cookie name	Description
bcookie	Expiration date 364 days
lidc	Expiration date 1 day
UserMatchHistory	Expiration date 29 days
bscookie	Expiration date 364 days
li_gc	Expiration date 179 days
personalization_id	Expiration date 729 days