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U.S. Jobless Claims Doubled to Record 6.65 Million Last Week

Stock Markets Apr 02, 2020 08:36AM ET
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© Bloomberg. Pedestrians are reflected in the windows of a closed restaurant in the South Beach neighborhood of Miami Beach on March 20. Photographer: Scott McIntyre/Bloomberg

(Bloomberg) -- The number of Americans applying for unemployment benefits more than doubled to a second straight record as the coronavirus widened its reach and closed more businesses.

A total of 6.65 million people filed jobless claims in the week ended March 28, according to Labor Department figures released Thursday, as many stores and restaurants were forced to close across the nation to mitigate the outbreak. The prior week’s level was also revised up slightly to 3.31 million.

The figure topped all analyst estimates and compared with a median projection of 3.76 million.

Follow coverage on the TOPLive blog here.

©2020 Bloomberg L.P.

U.S. Jobless Claims Doubled to Record 6.65 Million Last Week
 

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