unemployment

Unemployment Claims Rise Anew In Latest Sign Of Financial Misery

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Unemployment Claims Rise Anew In Newest Sign Of Economic Distress

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Unemployment Claims Rise Anew In Latest Signal Of Financial Misery

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Unemployment Claims Rise Anew In Newest Sign Of Financial Misery

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Another 1.34 million Americans expected to have filed for unemployment benefits

More than three months into the COVID-19 crisis in the U.S., countless Americans are still unemployed. Thursday’s release of the weekly initial jobless claims data could show another week of claims exceeding 1 million.

Economist surveyed by Bloomberg predict another 1.335 million Americans filed for unemployment benefits in the week ending June 30, following 1.51 million claims in the prior week. While last week’s report marked 11 consecutive weeks of deceleration, more than 45 million Americans have filed for unemployment insurance over the past 13 weeks.

Read more: Coronavirus: How to find a job in a tough economy

(Yahoo Finance/David Foster)

Continuing claims, which lags initial jobless claims data by one week, is expected to total 20 million in the week ending June 13, down from 20.54 million in the week ending June 6.

“Initial jobless claims continue to moderate only gradually,” Nomura economist Lewis Alexander wrote in a

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