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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