Claims for unemployment benefits in the United States
In the
United States, the number of workers who applied for unemployment benefits for the first time registered a decrease of 4,000 units in the week ending November 9, bringing the total to 217,000 claims. This figure, seasonally adjusted, represents the lowest level since May, as reported by the Department of Labor. Analysts had expected a number of requests equal to 220,000, slightly higher than the actual figure, while the number of requests from the previous week was confirmed
at 221,000.
The context of the pandemic and the current improvement
During the peak of the coronavirus pandemic, the United States had seen a maximum of 6.9 million new requests weekly, showing a significant improvement compared to that critical period. This drop in claims for unemployment benefits is a positive sign for the American economy, suggesting a recovery in the labor market and greater stability for workers
.
Economic growth in Europe
In Europe, the Eurozone’s GDP in the third quarter of 2024 showed growth of 0.4%, confirming preliminary Eurostat estimates. This growth follows an increase of 0.2% in the previous quarter, with annual growth of 0.9%. Even in the entire European Union, GDP increased by 0.2% cyclically and by 1% year-on-year. These data suggest an economic recovery, albeit at a moderate pace, in a global environment characterized by uncertainties
.
Impact of trade policies on markets
Uncertainties over U.S. trade policies have had a negative impact on global markets. The Hong Kong Hang Seng Index closed down 1.96%, while the Shanghai market registered a 1.73% decrease. These declines are indicative of a climate of instability that continues to influence investor decisions and company performance. Companies, such as Booking Holdings, are trying to adapt to new regulations, such as the Digital Markets Act, to remain competitive in the market.
Siemens business performance
Siemens recorded significant growth in the fourth quarter, with orders and revenues increasing. Net profit reached an all-time high, and the company proposed an increase in the dividend. Despite a decrease in orders year-on-year, overall performance was strong thanks to excellent cash flow. This is an example of how companies can thrive even in a difficult economic environment, by adjusting their strategies and optimizing operations
.