Jobless claims expected to top 3M for second straight week
The number of Americans filing claims for unemployment benefits is expected to shoot to a record high for a second week in a row as more states enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.
The number of Americans filing claims for unemployment benefits is expected to shoot to a record high for a second week in a row as more states enforced stay-at-home measures to curb the coronavirus pandemic, which economists say has pushed the economy into recession.
Thursday's weekly jobless claims report from the Labor Department is expected to show that claims blow past last week's record 3.3 million. It will likely reinforce economists' views that the longest employment boom in U.S. history probably ended in March. – Reported by Reuters. Click here for more.
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