Coronavirus: Stocks mostly rise despite historical jobless claims numbers

Coronavirus: Stocks mostly rise despite historical jobless claims numbers

3 years ago
Anonymous $9CO2RSACsf

https://www.siliconvalley.com/2020/04/02/coronavirus-stocks-mostly-rise-despite-historical-jobless-claims-numbers/

A staggering increase in the number of Americans filing first-time unemployment claims added to the growing uncertainty about how the U.S. economy is handling the coronavirus crisis and led to a mixed early performance from several Bay Area companies in Thursday’s stock market activity.

The unemployment figures were so high that they almost defied reality. The U.S. Labor Department said 6.6 million Americans filed for first-time unemployment assistance for the week ending March 28. That number more than doubled the 3.31 million claims that were filed just a week earlier.