The U.S. Department of Labor reported that initial claims for unemployment benefits They were 751,000 in the week ended October 31, which represented a 7,000 drop from the previous one. The data was above the 732,000 of the market consensus.
Regarding the continued orders, These also showed higher than expected figures, although closer to being at 7,285,000 in the week ended October 24, above the 7.2 million average of analysts’ estimates.
Both data were the lowest since the impact of the restrictions began to be felt to slow the advance of coronavirus cases.
The dollar it had no major changes after the data. Attention is focused on the US presidential elections. Regarding the labor market, the October employment report will be published on Friday where an increase in jobs is expected to 600,000 and the unemployment rate will pass from 7.9% to 7.7%.
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Credits: Forex Street
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