Weekly Excerpt : Employment and Economy

Week of March 21-25

Jobs, oil, technology and inflation in a race to the top

There were 187,000 jobless claims in the United States in the week ending March 19, less than the 212,000 expected according to data released by the U.S. Department of Labor, the lowest figure since 1969, positive news indicating a potential economic recovery in the near future.

The price of a barrel of crude oil was in the news when at the beginning of the war between Russia and Ukraine it surged to near its previous all-time highs, eventually a correction was seen and the value of the barrel normalized, but the week saw it resume an upward trend that has continued with consistency, which shows that the conflict persists.

In view of this, as we have mentioned in recent weeks, more and more countries and companies are looking for energy alternatives to avoid dependence on a resource with so much volatility, during the week there were producers of both alternative energies such as uranium (as is the case of Brazil accepting a report for the construction of a plant to extract the material in Itataia, Santa Quitéria or the start-up of the second Barakah unit in the United Arab Emirates to provide more electricity to the system).