Unemployment Claims in the U.S. Now a Doozy – Over 6.6 Million People Filed These Claims as per the Latest Weekly Reading by the Labor Department

Unemployment Claims in the U.S. Now a Doozy – Over 6.6 Million People Filed These Claims as per the Latest Weekly Reading by the Labor Department

4 years ago
Anonymous $9CO2RSACsf

https://wccftech.com/unemployment-claims-in-the-u-s-now-a-doozy-over-6-6-million-people-filed-these-claims-as-per-the-latest-weekly-reading-by-the-labor-department/

Unemployment claims in the U.S. are not usually a subject of hyper-interest among analysts, with the monthly non-farm payrolls report garnering the lion’s share of interest in this sphere. However, the current week’s claims data is all set to upend this regime. Analysts have termed the anticipated report a crucial barometer in gauging the breadth of economic deceleration that has gripped the U.S. amid expanding lockdowns and shuttering of businesses to combat the spread of the coronavirus (COVID-19) infections.

As per the tabulation by the United States Department of Labor in the weekly jobless claims report released moments ago, 6.648 million people in the U.S. filed for initial unemployment benefits in the week that ended on the 28th of March 2020, as opposed to a consensus forecast tabulated by CNBC of 3.1 million initial claims. This adds to the previous reading of 3.28 million initial claims for the week that ended on the 21st of March 2020.