RPT-WRAPUP 1-Millions of Americans likely applied for jobless benefits last week though wave is stabilizing [Reuters]
Walmart Inc. (WMT)
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Source: Reuters
RPT-WRAPUP 1-Millions of Americans likely applied for jobless benefits last week though wave is stabilizing (Repeats earlier item to widen distribution, no change to content) * Weekly jobless claims seen falling to 3.5 mln * Estimates for last week’s claims as high as 5.0 mln * Continuing claims for April 18 week seen rising to 19.238 mln By Lucia Mutikani WASHINGTON, April 30 (Reuters) - Millions more Americans likely filed claims for unemployment benefits last week, but the tide appears to be slowing, offering cautious hope of a peak in job losses from business closures and disruptions because of the novel coronavirus. The Labor Department’s weekly jobless claims report on Thursday will follow news on Wednesday that the economy in the first quarter suffered its sharpest contraction since the Great Recession. This ended the longest expansion in the United States’ history as the economy reels from nationwide lockdowns to slow the spread of COVID-19, the respiratory illness caused by t
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