Third week of big US jobless claims sees 6.61 million filings

Photographer: Andrew Harrer/Bloomberg

Americans applied for unemployment benefits in massive numbers for a third straight week, bringing the total to about 16.8 million during the coronavirus pandemic’s economic shutdown.

A total of 6.61 million people filed jobless claims in the week ended April 4, according to Labor Department figures released Thursday, as more states ordered residents to stay home and overwhelmed unemployment offices continue to work through applications. The figure compared with a median forecast of 5.5 million, and the prior week’s upwardly revised 6.87 million.

Click here for Bloomberg’s TOPLive blog on the report.

Key Insights

Market Reaction

The Bloomberg dollar index dropped while Treasury yields and U.S. stock futures pared their declines after the simultaneous announcement of new Fed facilities and jobless claims data.

State Breakdown

(Updates with state breakdown)

–With assistance from Chris Middleton, Benjamin Purvis and Sophie Caronello.

–By Reade Pickert (Bloomberg)

Exit mobile version