Jobless claims rose for a second week as the recovery has stalled, explained analysts at Wells Fargo. They warn that more than 30 million workers are receiving some form of jobless benefits, while the clock on emergency federal benefits runs out tomorrow. Key Quotes: “Unemployment Assistance program fell over the week, but remain alarmingly high at 2.04 million. Through the noise, the trend is little changed and confirms that the economy’s recovery has lost momentum in recent weeks.” “The insured unemployment rate headed back up last week and stands at 11.6%. Congress continues to debate the extension of the $600/week in emergency benefits, which are set to expire tomorrow. Unemployment benefits have helped to shore up income as millions of jobs have disappeared over a couple of months. The stakes are high with more than 30 million workers collecting unemployment insurance.” 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 EUR/USD Price Analysis: After a brief wobble normal service is resumed FX Street 3 years Jobless claims rose for a second week as the recovery has stalled, explained analysts at Wells Fargo. They warn that more than 30 million workers are receiving some form of jobless benefits, while the clock on emergency federal benefits runs out tomorrow. Key Quotes: “Unemployment Assistance program fell over the week, but remain alarmingly high at 2.04 million. Through the noise, the trend is little changed and confirms that the economy’s recovery has lost momentum in recent weeks.” “The insured unemployment rate headed back up last week and stands at 11.6%. Congress continues to debate the extension of the $600/week… 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.
