US jobless claims expected to spike to a record-breaking number in the millions
From cnbc.com
Anywhere between about 1 million and 4 million people were expected to have filed for unemployment benefits last week, the largest number ever in such a short time. The filings figure, which will be released Thursday morning before the bell, are the first indication of how hard the labor force is being hit by the abrupt shutdown of a large part of the U.S. economy after President Donald Trump warned Americans not to go to restaurants and states ordered people to stay home to stop the spread of the coronavirus. {image} “It’s the tip of the iceberg, and they’re going to be ugly. It depends on the speed at which the ...
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