Global Analysis from the European Perspective. Preparing for the world of tomorrow

U.S. Jobless Claims Jump to Two-Year High Amid Closures

The total topped all but one estimate in Bloomberg’s survey and may be poised to surge into the millions next week as much of the economy shuts down to fight the pandemic. Pantheon Macroeconomics Chief Economist Ian Shepherdson estimates 2 million claims for next week’s report. “It appears from state numbers that the order of magnitude increase compared to normal is about 10,” he said Thursday. Source: Bloomberg

GEFIRA provides in-depth and comprehensive analysis of and valuable insight into current events that investors, financial planners and politicians need to know to anticipate the world of tomorrow; it is intended for professional and non-professional readers.

Yearly subscription: 10 issues for €225/$250
Renewal: €160/$175

The Gefira bulletin is available in ENGLISH, GERMAN and SPANISH.