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The number of applications for unemployment benefits in the United States exceeded 1 million


August, 20 2020
watermark Economic news

The number of initial jobless claims rose unexpectedly to 1.106 million, according to the US Labor Department, fueling fears that the recovery in America's labor market could be delayed. Experts predicted a decrease in the number of applications to 925 thousand.


The number of Americans who submitted secondary claims for benefits fell to 14.844 million. The total number of people claiming unemployment benefits fell by 200 thousand, to 28.06 million.


The US authorities note that since the labor market is still weak, additional financial assistance will be required in the near future to support vulnerable families and the economy as a whole.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.