The US Labor Department will release the official jobs report for the week ending May 23rd, 2020, on Thursday.
But according to Business Insider, economists predict an additional 2.1 million Americans filed for unemployment insurance during that week.
Declining claims show the US is already beyond the peak of layoffs, furloughs, and terminations.
However, Deutsche Bank economist Justin Weidner said Americans can't necessarily count on things improving rapidly.
Until those workers are able to come back and continuing claims begin to decline, sustained improvements...will likely remain elusive. Justin Weidner, Economist Deutsche Bank
But according to Business Insider, economists predict an additional 2.1 million Americans filed for unemployment insurance during that week.
Declining claims show the US is already beyond the peak of layoffs, furloughs, and terminations.
However, Deutsche Bank economist Justin Weidner said Americans can't necessarily count on things improving rapidly.
Until those workers are able to come back and continuing claims begin to decline, sustained improvements...will likely remain elusive. Justin Weidner, Economist Deutsche Bank
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