JOBS REPORT: 6.6 Million Americans Seek Unemployment Amid COVID-19 Pandemic
By Fox Business // April 9, 2020
Claims between the period of March 28-April 4
ABOVE VIDEO: U.S. equity futures are trading cautiously on Thursday ahead of what could be another record jobless claims report.
(FOX BUSINESS) – The number of Americans seeking unemployment benefits swelled to 6.6 million last week, surging for the third consecutive week as strict measures to contain the novel coronavirus paralyzed the nation’s economy.
Claims between the period of March 28 and April 4 neared the previous week’s record of 6.8 million, according to the weekly jobless claims report from the Labor Department published on Thursday. The previous week’s total was revised higher by 219,000.
Economists surveyed by Refinitiv expected the number of initial claims for state unemployment benefits to hit 5.25 million.
That brings the number of applications for the last three weeks to more than 16 million, a stunning sign of the colossal economic damage inflicted by the outbreak.
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