"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.
Investors think that, even though the unemployment numbers look bad, the US economy has hit bottom already and will get better from here
Despite the coronavirus gloom, the US economy has bottomed and some activity measures are starting to rebound
Issuing state and local aid before possible budget deficits can help avoid "a huge drag on the economy," an Economic Policy Institute director said.
Small businesses accounted for the private-sector job cuts, shedding 90,000 payrolls through the month ended March 12, according to ADP.
As a recent strike against AT&T shows, workers have to fight to get the fair pay and benefits they deserve.
It's easier to dwell on doom and gloom, but in reality the US economy is on solid ground. Just look at the job, bond market, and manufacturing data.