USA Unemployment claims for week ending May-08-2021 was 473,000 and it is very good news for USA stock markets.

  • USA Unemployment claims for week ending May-01-2021 was revised from 498,000 to 507,000.
  • USA Unemployment claims for week ending April-24-2021 was 553,000
  • USA Unemployment claims for week ending April-17-2021 was 547,000
  • USA Unemployment claims for week ending April-10-2021 was 586,000
  • USA Unemployment claims for week ending April-03-2021 was 769,000

The 4-week moving average of USA unemployment claims in USA was 534,000.

Just to Compare how Unemployment claims in USA prior to Pandemic:

USA unemployment claims for week ending November 9, 2019 is 222,000 in USA.

USA unemployment claims for week ending November 16, 2019 is 223,000 in USA.

 

Just to Compare how Unemployment claims during Peak Pandemic and Lockdown Periods in USA:

USA unemployment claims for week ending March 28, 2020 is 6,867,000 in USA.

USA unemployment claims for week ending April 4, 2020 is 6,615,000 in USA.

However USA Unemployment claims for week ending May-08-2021 was 473,000 and it is very good news for USA stock markets.

Last week we had posted the below estimation and still our estimation levels stick to it.

The next target is 4 weeks moving average of USA unemployment claims should come down below 500,000 and this can be anticipated in July-2021 considering Covid-19 is not going to take new forms.

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