American weekly jobless claims rebound from one-and-a-half-year peak

American weekly jobless claims rebound from one-and-a-half-year peak

The previous week the total number of US citizens who filed applications for unemployment benefits shrank from a 1-1/2-year maximum, although the dive happened to be less than anticipated, suggesting some moderation in the tempo of job surge.

The Labor Department's report pointed to firm job market conditions that should back the American economy in the face of soaring headwinds, such as a weakening fiscal stimulus boost as well as a trade conflict between China and America, no to mention decelerating surge in the EU and China.

The previous week the major US financial institution left interest rates on hold, although told it would be patient in raising borrowing costs in 2019 nodding to soaring uncertainty over the economy's outlook.

Labor market conditions are still upbeat, which is positive  news for US employees, the consumer sector and the American economy in general.

As a matter of fact, initial claims for state unemployment benefits went down 19,000 to a seasonally updated 234,000 by February 2. The tumble partially unwound the previous week's rally that lifted claims to up to 253,000, which appears to be the highest outcome since September 2017.

That week claims were powered by layoffs in California in the service industry and also striking tutors in Los Angeles.

A 35-day partial government shutdown and difficulties updating the data around moving holidays such as Martin Luther King Jr. Day that took place later this year than in recent years, backed the spike in filings.

The longest shutdown in the history of America made staff members employed by government contractors come up with claims for unemployment benefits.

The shutdown concluded on January 25 right after US leader along with the country’s legislative body agreed to temporary government financing, although without funds for his US-Mexico border wall.

Similar

The NZD Growth Leaves Aussie Behind
The NZD Growth Leaves Aussie Behind

How will the NZD react to this huge hike and what is happening with Trump? It’s Wednesday, dear traders, and we are here to tell you everything!

Market Crash Incoming?
Market Crash Incoming?

This week may be the most important since the year started as the Fed assess the economic outlook and the US presents fresh NFP readings.

Gold Outlook Ahead of NFP
Gold Outlook Ahead of NFP

Good day for all traders out there! We prepared a gold analysis and a bunch of other news for you to enjoy! Here's what you should know:

Latest news

News for The Week
News for The Week

US stock markets started falling, while the US dollar is rising. What to expect from

Deposit with your local payment systems

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera