JUST IN: U.S. weekly jobless claims surge to more than 3.28 million, vs. 1.5 million expected.
Americans displaced by the coronavirus crisis filed unemployment claims in record numbers, with the Labor Department reporting Thursday a surge to 3.28 million.
Consensus estimates from economists surveyed by Dow Jones showed an expectation for 1.5 million new claims, though individual forecasts on Wall Street had been anticipating a much higher number. The surge comes amid a crippling slowdown brought on by the coronavirus crisis. Stock market futures were off their lows of the morning but still pointing to a negative opening on Wall Street.
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