Jobless claims to hit record 3.5 million this week, economists say - Business Insider

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Economists forecast a record 3.5 million more people filed for unemployment last week amid the coronavirus shutdown

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Weekly jobless claims are set to hit a second-straight record as the coronavirus further clamps down on the frozen US economy, experts surveyed by Bloomberg said.seen last week, according to the median reading from 46 economists surveyed.

The latest estimate is a median reading from 46 surveyed economists. The highest projection among those sampled is 6.5 million claims, while the lowest is 800,000. The survey's mean estimate is just 2,700 weekly claims higher than the median figure.GOLDMAN SACHS: Buy these 15 high-yielding, cash-rich stocks as coronavirus uncertainty forces companies to slash dividend payments

Passage of the government's $2 trillion stimulus package could also add to the weekly total. The fiscal relief bill expands jobless benefits by an additional $600 per week payment for four months. The increased support could bring new claims from those who didn't file before the bill's passage and signing by President Trump.

 

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