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Economists Suspect Millions More Americans Have Filed For Unemployment

2020-05-27 190 Dailymotion

The US Labor Department will release the official jobs report for the week ending May 23rd, 2020, on Thursday.<br />But according to Business Insider, economists predict an additional 2.1 million Americans filed for unemployment insurance during that week.<br />Declining claims show the US is already beyond the peak of layoffs, furloughs, and terminations.<br />However, Deutsche Bank economist Justin Weidner said Americans can't necessarily count on things improving rapidly.<br />Until those workers are able to come back and continuing claims begin to decline, sustained improvements...will likely remain elusive. Justin Weidner, Economist Deutsche Bank

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