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US jobless claims exceed 6 million for the second straight week

Data for the prior week was revised to show 219,000 more applications were received than previously reported, taking the tally for that period to 6.867 million

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Economists polled by Reuters had forecast claims slipping to 5.250 million in the latest week, though estimates in the survey were as high as 9.295 million. Photo: Reuters

Lucia Mutikan | Reuters Washington
The number of Americans seeking unemployment benefits in the last three weeks has blown past 15 million, with weekly new claims topping 6 million for the second straight time last week amid tough measures to control the novel coronavirus outbreak that have abruptly ground the country to halt.

Thursday's weekly jobless claims report from the Labor Department, the most timely data on the economy's health, strengthens economists' expectations of job losses of up to 20 million in April and their conviction that the economy is in deep recession. The government reported last Friday that the economy purged 701,000 jobs in March.

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