Economist: Next week's jobless claims could hit 2 million as coronavirus halt slams labor market

  • 📰 CNBC
  • ⏱ Reading Time:
  • 8 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 72%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

'It looks to me like the order of magnitude in most states seems to be about 10 times higher than the normal weekly numbers before the crisis,' said Pantheon Macroeconomics' Ian Shepherdson.

Shepherdson's comments came ahead of this Thursday's release of the Labor Department's weekly report jobless claims.

." "That means next week's jobless claims number could jump 200,000-something this week to two million next week."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ThxCDCandMedia

2008 bailout did not help the real victims homeowners who communities are still redline! 2020 coronavirus will strain local governments after this 🦠 defeat!! Local government must balance a budget! cleveland firstdayofspring

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Cigarette packs and ads to include graphic warnings starting next year, FDA saysThe US Food and Drug Administration on Tuesday issued a final rule that requires tobacco companies to place new graphic health warnings on cigarette packages and in advertisements. Think twice now lol CNN is evil. Trying to get you to protect what you know leads to Death. In France it says 'Smoking causes impotence' on every pack of cigarettes. Not many men smoking cigarettes in France these days.
Source: CNN - 🏆 4. / 95 Read more »

TV Has Mostly Stopped Production. What Happens Next?Industry insiders mull everything from filming in trimmed-down shifts, opening writers rooms and picking up pilots to series without producing a single scene as fallout from the coronavirus global pandemic turns the industry upside down. Snoodit I got $10 during the shutdown they’re rewriting the scripts. cliffhangers all around I think the word you're looking for is 'uncharted' not 'unchartered.'
Source: THR - 🏆 411. / 53 Read more »