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

5 million more unemployment claims expected, but layoffs are now broader and could be more permanent

  • New claims for unemployment benefits last week are expected to total about 5 million, bringing the number of Americans filing to more than 15 million.
  • The claims initially were expected to have come from millions who lost their jobs in restaurants and travel-related fields, but now they are likely to include hundreds of thousands of retail workers.
  • Economists say there could be more longer-term and permanent layoffs included in more recent claims, as companies look to trim costs. Source CNBC

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