Layoffs are soaring amid the coronavirus outbreak – and much sooner than expected, according to a Goldman Sachs analysis.
Initial claims for unemployment benefits – a reliable measure of layoffs – could rise to a record 2.4 million this week, according to a Goldman Sachs analysis of anecdotal reports from 30 states on the number of applications filed the first few days of the week.
Last week, jobless claims jumped by a third, to 281,000 from 211,000 the prior week. But if Goldman’s forecasts for this week are accurate, it would mark a nine-fold increase over the pre-virus level, the research firm said. Goldman economist David Choi acknowledges in a research note that it’s possible that a disproportionate share of claims were filed early in the week or that his sample was biased toward states with unusually large increases in claims. Yet even in that case, jobless claims would still total more than 1 million, by far the highest on record. The Labor Department will report this week's claims total Thursday.
The Goldman report also provides estimates of massive revenue declines in six industries since the outbreak began. It figures sales have fallen 95% in casino gambling; 80% in sports and entertainment; 75% in hotels; 70% in public transportation; 65% in restaurants; and 30% in retail goods.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
So Many People Are Applying For Unemployment Benefits Amid The Coronavirus Outbreak That States' Websites CrashedThe number of people filing for unemployment benefits surged by 70,000 last week, owing to coronavirus-related layoffs.
続きを読む »
As jobless claims surge, unemployment rate could reach 8 percentThe unemployment website in New York has been crashing, while unemployment claims in Ohio have already surged 14 times higher than last week.
続きを読む »
Jobless claims jump by 70,000 as virus starts to take holdWASHINGTON (AP) — The number of Americans filing new claims for unemployment benefits surged last week by 70,000, indicating that the impact of the coronavirus was starting to be felt in rising...
続きを読む »
Job losses from coronavirus are already devastating Southern CaliforniaA substitute math teacher in Pico Rivera. A custom cake designer in Pacific Palisades. What do these two women have in common? Both have seen their work evaporate in the wake of the coronavirus pandemic.
続きを読む »
Economist: Next week's jobless claims could hit 2 million as coronavirus halt slams labor market'It looks to me like the order of magnitude in most states seems to be about 10 times higher than the normal weekly numbers before the crisis,' said Pantheon Macroeconomics' Ian Shepherdson.
続きを読む »