The number of new claims for unemployment benefits in the US fell more than expected in the week ending September 4th. The number of new claims fell by 27,000 to 451,000 for the week, compared to a predicted decline of only 2,000 from the previous week.
The Federal Reserve has made it clear that growth in the US will remain muted until the employment outlook stabilizes; analysts agree with the outlook.
Ã¢â‚¬Å“We need to see faster job growth in the private sector to really generate a robust recovery,Ã¢â‚¬Â Russell Price, a senior economist at Ameriprise Financial Inc. in Detroit, said before the report. Ã¢â‚¬Å“It is going to be a very tepid recovery.Ã¢â‚¬Â
Source: Bloomberg 
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.