RE: Banks can withstand pandemic fallout on economy7 May 2020 15:49
looks like don't mean a thing .
Initial weekly US jobless claims surge again
Thu, 7th May 2020 14:16ShareCast
(Sharecast News) - The US jobs market continued to deteriorate at a frenetic pace over the latest reference week, although a smidgen less quickly than forecast.
According to the Department of Labor, in seasonally adjusted terms, initial jobless claims surged by a further 3.169m during the week ending on 2 May.
Consensus was for a leap of 3.25m.
The four-week moving average meanwhile dropped by 861,500 to roughly 4.174m.
Secondary unemployment claims, which are those not being filed for the first time and referencing the week ending on 25 April, surged alongside, by 4.636m to 22.647m.