According to Labour Department report, the jobless claims totalled 3.17 million for the week ending May 2 compared to 3.85 million in the prior week as businesses shutdown due to virus outbreak forcing them to slash their workforce. This week’s level of unemployment claims has taken the total past 33 million.
However, jobless claims are steadily declining after a steep rise in the claims during late March and early April. Most states reported decline last week, but California, Texas and Georgia posted the highest levels of unadjusted initial claims.
There is no investor left unperturbed with the ongoing trade conflicts between US-China and the devastating bushfire in Australia.
Are you wondering if the year 2020 might not have taken the right start? Dividend stocks could be the answer to that question.
As interest rates in Australia are already at record low levels, find out which dividend stocks are viewed as the most attractive investment opportunity in the current scenario in our report.