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Total US unemployment shrinks for the first time since coronavirus layoffs began in March

It is "a positive for the economy as more people are going back to work as states begin the re-opening process," said Chris Zaccarelli of the IAA.

US weekly jobless claims hit 2.1 million, bringing the 10-week total to more than 40 million

"At this pace, claims won't be back below 1 million until September," said Ian Shepherdson, chief economist at Pantheon Macroeconomics.

Unemployment will be higher in the US than in other advanced economies through 2021, Goldman says

A lack of stricter job-preservation policies and expanded unemployment benefits will prolong the US's labor-market recovery, Goldman economists said.

US weekly jobless claims hit 2.4 million, bringing the 9-week total to nearly 39 million

"Each week of such high claims is a disaster in its own right," said Ian Shepherdson, chief economist at Pantheon Macroeconomics.
The spread of the coronavirus disease (COVID-19), in Fayetteville

Economists forecast an additional 2.4 million Americans filed for unemployment insurance last week

"We are becoming less hopeful of a quick drop in jobless claims below the one million mark," said Ian Shepherdson of Pantheon Macroeconomics.

Nobel laureate Joseph Stiglitz sees prolonged double-digit US unemployment without further government aid

"We have a very weak labor market," Stiglitz told Bloomberg television in a Monday interview. He added that the US unemployment rate is moving to 25%.

Job openings in March fell to lowest level since 2017 in the earliest weeks of the coronavirus pandemic

JOLTS for March "only captured part of the coronavirus shock, but the numbers released this morning are still astounding," said Nick Bunker at Indeed.
Dora Reynolds, who is currently unemployed, sits along a road downtown on October 24, 2016 in East Liverpool, Ohio

US weekly jobless claims hit 3 million, bringing the 8-week total to more than 36 million

Weekly jobless claims in the US "remain grotesquely high by all but the most recent standards," said Ian Shepherdson of Pantheon Macroeconomics.

Goldman Sachs slashes forecasts, now sees GDP shrinking 39% this quarter and unemployment at 25%

Goldman estimates that consumer services spending dropped 20% from its pre-virus levels in April, with a collapse in transportation and hotel sectors.
The spread of the coronavirus disease (COVID-19), in Fayetteville

Economists forecast another 2.5 million Americans filed for unemployment insurance last week

"If the current rate of decline continues, claims will dip below 1M in the second or—more likely—third week of June," said economist Ian Shepherdson.