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Economists expect yet another week where millions of Americans filed for unemployment benefits

From businessinsider.com

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. The median consensus estimate for weekly unemployment insurance claims is 4.5 million, according to Bloomberg data. The estimate is again below the 5.2 million Americans who filed for unemployment benefits in the previous week, marking the third report in a row to show a decline in claims. {image} Even if there is a declining trend in the reports, 4.5 million filing for unemployment in one week is a ... (full story)

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  • Category: Fundamental Analysis