U.S. Economic News

February 11, 2021

U.S. Economic Indicators

Initial jobless claims fell 19,000 to 793,000 last week. The four-week moving average decreased 33,500 to 823,000. DOL Report

U.S. News

Bloomberg reports that, alongside expectations of a strong economic recovery, some unintended consequences of fighting climate change may be driving a new “supercycle” of years-long commodity gains. Already, prices for corn, soybean, copper, and oil have soared to multi-year highs after substantial drops in mid-2020, while bullish wagers on commodities are the highest in a decade. Bloomberg