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Stock impact report

Jobless claims: Economists expect another 5.5 million workers filed for benefits [Yahoo! Finance News]

Morgan Stanley (MS) 
Last morgan stanley earnings: 4/16 07:15 am Check Earnings Report
US:NYSE Investor Relations: morganstanley.com/about-us-ir
The coronavirus pandemic has sent shockwaves through the global economy, and investors will get another pulse check on employment when the U.S. Labor Department releases weekly jobless claims Thursday morning.After three consecutive weeks of jobless claims in the millions, economists are predicting that another 5.462 million Americans filed for unemployment benefits for the week ending April 11. In the week ending April 4,6.606 million claims were filedprevious week’s record-breaking 6.867 millionView photosDavid Foster/)Even as consensus expectations are for more than 5 million jobless claims for the week, some economists believe the number of claims will steadily begin falling from previous highs in the coming weeks.“While we believe the magnitude of increases in claims have moved passed the peak, the cumulative number is still rising, likely reaching the range of 25 million over the next few weeks,” Morgan Stanley economist Jan Kozak said in a note Wednesday.Most U.S. states have n Show less Read more
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