About 4.3 million workers are expected to have filed unemployment claims last week, bringing virus-related layoffs to over 26.3 million.
Another 4.3 million workers are expected to have filed for unemployment claims in the week ended April 18, bringing the total filings since late March to more than 26.3 million, according to Dow Jones data.The government collected data for the April employment report during the same week that the latest claims were filed, and that should provide some insight in to how negative April's job losses could be.
recovered since the Great Recession. During the financial crisis the number of jobs lost totaled 8.7 million. Economists are closely watching Thursday claims data, expected at 8:30 a.m. ET, because it is for the week ending April 18, the same week the government conducted its survey for the monthly employment. Claims in the previous week"It's a critical week because it gives us the best real-time picture of what the job losses will be in April, which will be the worst month of the recession and the worst month ever," Swonk said.
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