Weekly jobless claims hit 3.84 million, topping 30 million over past 6 weeks
First-time filings for unemployment insurance hit 3.84 million last week as the wave of economic pain continues, though the worst appears to be in the past.
Economists surveyed by Dow Jones had been looking for 3.5 million.
Jobless claims for the week ended April 25 came in at the lowest level in a month but bring the rolling six-week total to 30.3 million as part of the worst employment crisis in U.S. history. Claims hit a record 6.87 million for the week of March 28 and have declined each week since then.
The surge in unemployment has come amid efforts to contain the coronavirus spread. While some states and municipalities have begun bringing their respective economies back online, much of the key U.S. infrastructure remains on lockdown.
https://www.msn.com/en-us/money/markets/weekly-jobless-claims-hit-384-million-topping-30-million-over-past-6-weeks/ar-BB13qlJV?li=BBnbfcL
