Release of U.S. Unemployment Claims Data: The number of Americans who filed initial claims for
unemployment benefits last week increased compared to the reading from the previous week.

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U.S. Unemployment Claims
McDonald’s
Payroll Numbers

Release of U.S. Unemployment Claims Data and Market Movements:

The number of Americans who filed initial claims for unemployment benefits
last week increased compared to the reading from the previous week.
Last week, new government unemployment claims recorded 232,000, as expected by experts,
according to data from the U.S. Department of Labor.
The reading for the previous week was adjusted to 228,000 claims.
Meanwhile, the four-week moving average, which accounts for differences in the weekly number,
decreased to 236,000 from the previous level of 236.75K.

In the meantime, global gold prices are declining following the data release,
coinciding with a rise in the U.S. dollar index.

Gold and Dollar Now

Gold futures are now down 0.5% to $2,535 per ounce.

Meanwhile, spot gold contracts are down about 0.5% to $2,500 per ounce.

On the other hand, the dollar index is up 0.34% to 101.25 points.

McDonald’s Instagram Account Hacked by Cryptocurrency Promoters

McDonald’s Instagram account was hacked yesterday,
Wednesday, by promoters of a cryptocurrency called “Grimace.”

The post later deleted was about the “McDonald’s Experience” on the Solana blockchain platform.
A message also appeared saying participants were defrauded of $700,000.
McDonald’s stated: “An isolated incident” affected our social media accounts.
The issue has been resolved.

U.S. Payroll Numbers Reduced by 818,000 Jobs for the Year Ending in March

The Bureau of Labor Statistics will likely revise the number of workers on U.S. payrolls during the 12 months
leading up to March 2024.According to the preliminary benchmark revision by the Bureau of Labor Statistics,
the downward revision amounted to 818,000 people, or about 68,000 fewer workers each month.
Although many economists expected a decline,
some predicted the total figure could drop by up to one million jobs.
The Bureau will release the final numbers early next year.

Release of U.S. Unemployment Claims Data

Release of U.S. Unemployment Claims Data

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