Five million more unemployment claims expected, but now layoffs are broader and could be more permanent

Five million more unemployment claims expected, but now layoffs are broader and could be more permanent
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People who lost their jobs wait in line to file for unemployment following an outbreak of the coronavirus disease (COVID-19), at an Arkansas Workforce Center in Fort Smith, Arkansas, April 6, 2020.

Nick Oxford | Reuters

Another 5.25 million workers are expected to have filed unemployment claims last week, reflecting a larger swath of the country now under shutdown orders.

Together with the claims filed in the past two weeks, the total could now surpass 15 million. But that number is still probably millions shy of the number of workers who may have already lost their jobs as the economy abruptly shut down.The unemployment claims report for the week ended April 4, is expected at 8:30 a.m. ET Thursday. It would be the third in a row to show millions of Americans filing claims. In the last two reports, a total 10 […]

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