Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The median economist estimate for US jobless claims in the week ending April 11 is 4.5 million, according to Bloomberg data. The report will be released Thursday by the Labor Department.
Still, another week of millions of Americans filing for benefits shows the damage that the coronavirus pandemic and lockdowns to curb the spread of the disease has had on the US economy. Economists are anticipating that a Thursday report from the Labor Department will once again show that millions of Americans filed for unemployment claims in the week ending April 18, as coronavirus layoffs persist.
who filed for unemployment benefits in the previous week, marking the third report in a row to show a decline in claims. Even if there is a declining trend in the reports, 4.5 million filing for unemployment in one week is a staggering number that shows just how widespread the economic fallout is from the coronavirus-induced lockdown in the US. "It's been humbling to try to predict unemployment claims," Jason Thomas, chief economist at AssetMark, told Business Insider.
Going forward, economists expect that the April unemployment rate will skyrocket when data is released in May. The jump in claims through April 11 would raise the unemployment rate to 15.7%, according to the Economic Policy Institute.
Finally, this is real, i never believed until i made my withdrawal, i was so scared to invest but it real...all thanks to Matthew61158286
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:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Coronavirus tests in the US: Total and daily test counts over time - Business InsiderThe US has now tested more than 4 million people for the coronavirus, but the number of tests being done per day is plateauing That’s about 1% of the population... pathetic & won’t help if the amount doesn’t increase exponentially.... What is the point with soo much air traffic...
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stanford economist says the US needs a 'New New Deal' - Business InsiderLawmakers need to look back to FDR-era policies for a 'New New Deal' as a solution to the pandemic's economic fallout, Matthew Jackson said. Such a shame to see
Source: BusinessInsider - 🏆 729. / 51 Read more »
2nd coronavirus wave could US harder than current outbreak: CDC director - Business InsiderCDC Director Robert Redfield said a second wave of COVID-19 coinciding with the regular flu season could be disastrous for hospitals. Should of would of could of, everyone wear a mask and wash your hands. No large gatherings over 50 and we are good to go! El director de Centros para el Control y Prevención de Enfermedades CDC (por su siglas en inglés) dice que una segunda ola de coronavirus en el invierno podría golpear a los EE.UU. más fuerte que el brote actual. by: It will also not be taken seriously. Lot of people will die.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Several major US banks are being sued for unfair PPP lending practices - Business InsiderJPMorgan Chase, Wells Fargo, Bank of America and US Bank are being sued for unfair practices in their processing of Paycheck Protection Program loans. Hate to break it to you but this is all banks regardless of size Government should have done a better job on incentivizing banks on processing smaller payroll loans than larger. They did try with a tiered commission but it wasn’t effective enough. As a reminder, people should never want big government cause they rarely get things done right Unethical
Source: BusinessInsider - 🏆 729. / 51 Read more »
Reopening economy too soon could send US debt skyrocketing - Business InsiderA new analysis shows what states are risking by reopening too early: A longer pandemic that could kill more Americans and send the national debt skyrocketing both he and gates both have patents on parts on the coronavirus “If we nominate Trump, we will get destroyed.......and we will deserve it.” LG (he meant the GOP but Trump is ambitious so why not the whole country?)
Source: BusinessInsider - 🏆 729. / 51 Read more »
People posting oil memes after US price drops below $0 for first time - Business InsiderAs oil prices plummeted as a result of the coronavirus pandemic, people made memes on Twitter about becoming oil barons for mere pennies. BrianRivera45
Source: BusinessInsider - 🏆 729. / 51 Read more »