A Goldman Sachs analyst said that the next round of initial jobless claims, a measure of Americans filing new unemployment claims, could soar to 2.25 million due to the COVID-19 hit to the economy, which would be over 700 percent higher than the most recent figure.
The Department of Labor said in a release that last week’s jobless claims came in at a seasonally adjusted 281,000, which represents a 30-month high. The record so far for initial jobless claims is 695,000 weekly claims, set in 1982.
