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Economists Suspect Millions More Americans Have Filed For Unemployment

Video Credit: Wochit Business
Published on May 27, 2020 - Duration: 00:34s

Economists Suspect Millions More Americans Have Filed For Unemployment

The US Labor Department will release the official jobs report for the week ending May 23rd, 2020, on Thursday.

But according to Business Insider, economists predict an additional 2.1 million Americans filed for unemployment insurance during that week.

Declining claims show the US is already beyond the peak of layoffs, furloughs, and terminations.

However, Deutsche Bank economist Justin Weidner said Americans can't necessarily count on things improving rapidly.

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