fxstreet.com 11 Feb, 2021 13:45 am

US Initial Jobless Claims Preview

US Initial Jobless Claims Preview
The end of the lockdown in California and the loosening of business restrictions in New York, Massachusetts and elsewhere may have reversed the rising

First time unemployment claims are expected to fall to 757,000 in the week of February 5 from 779,000 prior.FXStreet If the forecast of 757,000 for the last recording week of January, statistically six, is correct, the monthly average will drop to  828,700 from 843,000.Initial Jobless Claims Claims have been the signature statistic of the pandemic lockdowns.The jobless claims that sluiced through the labor market in March made the collapse in payrolls a certainty.

The end of the lockdown in California and the loosening of business restrictions in New York, Massachusetts and elsewhere may have reversed the rising trend in unemployment claims even as Nonfarm Payrolls turned positive in January.49 million in the January 29 week from 4.

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