New Unemployment Claims Dip Below 2 Million In Sign Job Losses May Be Easing
More than 12 million people filed unemployment claims during that period. If the Labor Department's official job tally on Friday is anywhere close to ADP's number, that will suggest a faster return to work for many of those furloughed employees than had been expected.
"It was a huge relief," Pingle said."It felt like in one day going from the poorest I'd ever been to the richest I'd ever been." But a return to work could be much slower in sectors such as travel, entertainment and nonessential retail, which have been hit hard during the downturn.
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