US jobless claims smash through SIX MILLION
NEWSFLASH: More than six million Americans filed new claims for unemployment benefit last week - a really terrible number.
The initial jobless claims total soared to 6.648m for last week -- smashing even the highest estimate.
That’s up from 3.3 million initial claims in the previous week -- which was itself a huge record. Before Covid-19, the previous record was below 700,000 for any week.
It shows clearly that the coronavirus pandemic, and the lockdowns imposed across America, are having a very, very serious impact on its economy.
Unemployment is clearly soaring, hurting many millions of families across the country.
Economists and investors around the world are bracing to discover how many Americans have lost their jobs since the Covid-19 pandemic struck.
The initial claims report, due any moment at 8.30am East Coast time or 1.30pm in the UK, is expected to show that many millions of US citizens signed on last week.
Goldman Sachs has hiked its forecast this morning, predicting that SIX MILLION people filed jobless claims. That would smash last week’s record of 3.3m (which could be revised)....
https://www.theguardian.com/busines...087564da1e4696#block-5e85dadf8f087564da1e4696
NEWSFLASH: More than six million Americans filed new claims for unemployment benefit last week - a really terrible number.
The initial jobless claims total soared to 6.648m for last week -- smashing even the highest estimate.
That’s up from 3.3 million initial claims in the previous week -- which was itself a huge record. Before Covid-19, the previous record was below 700,000 for any week.
It shows clearly that the coronavirus pandemic, and the lockdowns imposed across America, are having a very, very serious impact on its economy.
Unemployment is clearly soaring, hurting many millions of families across the country.
Economists and investors around the world are bracing to discover how many Americans have lost their jobs since the Covid-19 pandemic struck.
The initial claims report, due any moment at 8.30am East Coast time or 1.30pm in the UK, is expected to show that many millions of US citizens signed on last week.
Goldman Sachs has hiked its forecast this morning, predicting that SIX MILLION people filed jobless claims. That would smash last week’s record of 3.3m (which could be revised)....
https://www.theguardian.com/busines...087564da1e4696#block-5e85dadf8f087564da1e4696
