2.1 Million Jobless Claims
Were Filed Last Week The Labor Department
released the latest jobless claims
numbers on Thursday. The number of claims once
again exceeded Wall Street
projections of 2.05 million. Almost 41 million people in America
have filed for unemployment since the
coronavirus pandemic began. Continuing claims fell
sharply by almost four million,
holding at 21.5 million. Economist Ian
Shepherdson, via CNBC The unemployment rate
fell from 17.1 percent
to 14.5 percent. Gus Faucher, PNC, via CNBC Another report released on Thursday
revealed that the U.S. gross domestic
product declined by a staggering
5 percent in the first quarter of 2020.