Data released on Thursday showed an unexpected but modest increase in jobless claims. Analysts at Wells Fargo point out jobless claims highlight the fragility of the labor market recovery. They see the trend in initial claims stalling. Key Quotes: “The labor market’s recovery is occurring in fits and starts, with initial jobless claims ticking up to 870K last week. Pandemic Unemployment Assistance claims tumbled, but recipients of all programs remain around 26M.” “Initial jobless claims for regular state benefits edged up last week on both a seasonally and non-seasonally adjusted basis, illustrating the still fragile state of the labor market’s recovery.” “As more workers are exhausting regular state benefits, the recipients of Pandemic Emergency Unemployment Claims, which provides an additional 13 weeks of benefits, rose to 1.63M. Between the two programs, however, benefit rolls edged lower.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD struggles to stage a meaningful rebound, stays deep in red near 0.7020 FX Street 2 years Data released on Thursday showed an unexpected but modest increase in jobless claims. Analysts at Wells Fargo point out jobless claims highlight the fragility of the labor market recovery. They see the trend in initial claims stalling. Key Quotes: “The labor market’s recovery is occurring in fits and starts, with initial jobless claims ticking up to 870K last week. Pandemic Unemployment Assistance claims tumbled, but recipients of all programs remain around 26M.” “Initial jobless claims for regular state benefits edged up last week on both a seasonally and non-seasonally adjusted basis, illustrating the still fragile state of the labor market’s recovery.”… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.