A conversation about the latest market-moving news, including a surge in oil prices, while investors await the latest unemployment data.
A man wearing a mask walks by the New York Stock Exchange on March 17, 2020 at Wall Street in New York City.7:45 am: Jobless claims expected to rise by 3 million
Economists polled by Dow Jones expect just over 3 million Americans to have filed for unemployment benefits in the week ending May 2. That would bring the seven-week total to about 33 million as the coronavirus pandemic forces massive layoffs across industries. However, the rate of new jobless claims has been steadily falling in recent weeks. Also, a print of 3 million would be lower than the previous number of 3.84 million.
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