Another 5 million unemployment claims could be tallied, but the job-loss trend may be peaking
Joe Raedle | Getty ImagesThe number of workers filing for unemployment claims could again top 5 million for the week ended April 11, but the filings may also be peaking. In the prior three weeks, the number of claims totaled 16.8 million. According to Dow Jones, economists' consensus forecast is 5 million for the week ended last Saturday, down from 6.6 million the week earlier. Mark Zandi, chief economist at Moody's Analytics, said he expects another 6 million claims when the weekly report is released at 8:30 a.m. They also expect unemployment could reach the high teens, from 4.4% in March and 3.5% in February.
cnbc.com