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Jobless claims will be huge, but millions more are expected from the 'earthquake shaking the whole country'

From cnbc.com

Economists expect 4 million to 5 million or more workers filed for unemployment claims last week, but there are still millions of claims expected, and layoffs could easily double those in the financial crisis, economists said. There are two key employment reports Thursday and Friday. One is the government’s weekly report of unemployment benefit claims, filed with states in the week ended March 28, due Thursday at 8:30 a.m. The second is March’s employment report, expected before the opening bell Friday. Economists have been ramping up their estimates for the weekly claims report. Their estimates range to as high as 9 ... (full story)

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  • Category: Fundamental Analysis