usa : weekly jobless claims rise more than expected after falling for almost 4 weeks

Looks like the unemployed people in the usa are rising again after falling for almost 4 weeks .. there has been an uptick in the first time filers as well as the continuing claims ( people continuing to file )

in the uk , the finance minister extended the benefits for the unemployed for six months starting november

and in more bad news , the covid 19 cases in europe are rising .. maybe a second wave is coming in ( italy and germany are reporting more cases , uk is planning to go into shutdown mode again and limiting the hospitality hours )

will this point to more stimulus ?

if the claims continue to rise , the next quarter gdp will also fall

Leave a Reply