The median economist forecast for jobless claims in the week ending May 9 is 2.5 million, according to Bloomberg data.
The median economist estimate for jobless claims in the week ending May 9 is 2.5 million, according to Bloomberg data. 3.2 million Americans filed for unemployment, according to the Labor DepartmentIt would also mean that in eight weeks, more than 35 million Americans will have lost jobs amid the economic fallout caused by the coronavirus pandemic.
Continued high unemployment doesn't bode well for the US economic recovery. On Friday, the April jobs report showed that the US lost a recordthe highest since the Great Depression.
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