Jobless claims soar past 3 million to record high

  • 📰 CNBC
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

U.S. weekly jobless claims have hit a record high amidst the coronavirus pandemic.

The previous week, which reflected the period before the worst of the coronavirus hit, was just 282,000.

The 4-week moving average, which smooths out weekly distortions, was 1,731,000, an increase of 27,500 from the previous week's revised average. "This was way bigger than we thought and the market's still moving higher," said Randy Frederick, vice president of trading and derivatives at Charles Schwab. "That's a very encouraging sign that we may be in a bottoming process."Businesses across the country have shut down amid a policy of social distancing aimed at keeping the virus's growth in check. Individual states have reported websites crashing amid a rush to file.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Well, 3.3 million were able to. Why always focus on the one off?

华尔街很富裕,自由的美国人民拿起你们手中的枪,戴好口罩去干吧!命运掌握在你们自己的手中!

Use the www ! 🤷‍♀️

Same w me in Washington been over two weeks trying every day earliest day for a call back over a month out. I'm on that list too but unemployment isn't retro active

Im calling it right now selloff in the stock market tomorrow Cnbc stocks

Generally you file online...

“Irrelevant”

Seems like we needed a national response to this

SCMCLC FamiliesFirst 1u ✊

Obviously the unemployment rises but haft of what streets had expected. So, unempl. continues rising for the rest of april. The DJ rise is based on the big business survival. The 16k is still on the table for a possible of 2nd crash due to no market.

Good reason to buy stocks in highly leveraged today

Congratulations America

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Jobless claims soar past 3 million to record as coronavirus sends Americans to the unemployment lineNew claims for unemployment compensation were expected to hit a record-breaking 1.5 million for the week ended March 21, according to economists surveyed by Dow Jones. Trump’s Depression. History’s Second Great Depression. Greatest Rick Santelli quote of all time, referring to the IJC , “If you’re told your pregnant with triplets, don’t be surprised when you come home with three babies” SquawkCNBC BeckyQuick JoeSquawk andrewrsorkin jimcramer Futures really think they’ve priced this in?
Source: CNBC - 🏆 12. / 72 Read more »

New weekly jobless claims soar to 3.3 million amid coronavirus outbreakThe number of Americans applying for jobless benefits soared to an unprecedented 3.3 million last week.
Source: latimes - 🏆 11. / 82 Read more »

Jobless claims expected to spike to a record-breaking number in the millionsAbout 1 million to 4 million people are expected to have filed for unemployment last week, the largest number ever. The data is released Thursday. And this is just the start. Embrace yourself for Q2 numbers and FY20 GDP forecast. But the Fed has done almost everything. The market has to go up. Otherwise, Trump will order us to go back to work Market says this is bullish.
Source: CNBC - 🏆 12. / 72 Read more »

US jobless claims hit 3.3 million, quadruple previous recordIn today's AP Morning Wire: U.S. coronavirus deaths pass 1,000 mark; globally 21,000. Senate unanimously passes rescue package for Americans. Medical workers are at breaking point. New Zealand mosque gunman pleads guilty. SUBSCRIBE: scum. They are cooking books like tge illegal gamblers they are!
Source: AP - 🏆 728. / 51 Read more »

Gold lower ahead of U.S. jobless claims dataGold prices fell on Thursday as expectations of a surge in U.S. jobless claims d...
Source: Reuters - 🏆 2. / 97 Read more »

Associated Press NewsBREAKING: US unemployment claims soar to 3.3 million -- quadrupling record from 1982 -- as layoffs from coronavirus engulf economy. Go to for more. President Snowflake is gonna lose his shit. Expect a 10 tweet rage over this. dont worry its only for this week maybe itll get better next week The surge in jobless claims is a stunning reflection of the damage the viral outbreak is doing to the economy. The pace of layoffs is sure to accelerate.
Source: AP - 🏆 728. / 51 Read more »