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Unemployed workers applying for jobless benefits seen topping 25 million
The record surge in suddenly unemployed Americans likely grew by another 4 million last week to push the total to 25 million or more since the coronavirus pandemic shut down large parts of the U.S. economy a month and a half ago. Initial jobless claims in the seven days running from April 12 to April 18 probably grew by at least 4 million, with estimates ranging as high as 5.25 million, according to the latest MarketWatch survey of economists. The U.S. Labor Department report is published Thursday morning at 8:30 a.m. Eastern time. image In the prior four weeks, new jobless claims soared by 5.25 million, 6.6 ... (full story)
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