Unemployment Claims Expected to Hit Record Numbers Next Week
Unemployment claims this week rose 33% to about 281,000, according to the Department of Labor -- the highest total since Sept. 2, 2017. That number will be dwarfed next week, says an analyst from Goldman Sachs, as jobless claims are expected to hit all-time highs.
Goldman Sachs economists predicted Thursday night in a research note that as many as 2.25 million Americans could file claims for unemployment benefits this week. This would by far be a record, as the previous high was about 695,000 on Oct. 2, 1982.
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Source Fool.com