Good News From U.S. Job Market On New Year Eve, But Vaccination Speed Under Criticism

US jobless claims for the week ended December 26 were 787,000 compared with a sector consensus of 830,000 and a revised amount up marginally to 806,000 for the previous week. As a consequence, claims are down 19,000 from the previous week and are substantially smaller than expected.

On the other hand, Moncef Slaoui said there are also concerns regarding the safety of the vaccine in older people. He also challenged the disparities between the two divisions of the study and thought that better statistics on the combined 70 percent efficacy claimed by AstraZeneca were required by the US authorities.

The vaccine was authorized in the United Kingdom earlier last week, but the European Medicines Agency reported that it had not yet received the vaccine authorization application list, which would postpone its acceptance in the European Union.

The pace of coronavirus vaccination is also controversial in different countries, especially in France, where only around 330 individuals have been vaccinated by the campaign so far. In the United States, where in the last two weeks more than 2.1 million people have been vaccinated, voices are now being raised to condemn the slowness of the Trump administration, which had originally set a target of 20 million people vaccinated by the end of the 2020.

On Tuesday, President-elect Joe Biden condemned delays in administering anti-Covid vaccines. “The Trump administration’s plan for vaccine distribution is far behind,” he said, pledging to “move heaven and earth” to speed up the pace. He reiterated his promise to prescribe 100 million doses within the first 100 days of his presidency, which will formally commence on 20 January.

Mass vaccination is a necessity for financial markets, as it is necessary for medical experts, for ending the coronavirus pandemic and for a fast return to normal life and economic growth.

According to Johns Hopkins University, after the beginning of the outbreak, the number of confirmed cases of new coronavirus worldwide is now over 83.1 million, including 19.8 million in the US, 10.2 million in India and about 7.6 million in Brazil. 1.83 million people globally have been killed by the outbreak, with almost 344,000 in the United States.

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