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U.S. Jobless Claims Top 3 Million, With Little Relief in Sight

  • Figures bring total under pandemic to more than 33 million
  • April jobs report Friday set to show unprecedented losses
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WATCH: Pimco’s Tiffany Wilding previews the April U.S. employment report due Friday.(Source: Bloomberg)
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The number of Americans filing for unemployment benefits topped 3 million for a seventh straight week, signaling little relief in sight for the economy since the coronavirus began closing restaurants, factories and offices from coast to coast in mid-March.

Initial jobless claims totaled 3.17 million in the week ended May 2 following 3.85 million in the prior week, according to a Labor Department report released Thursday. That brought the seven-week total to about 33.5 million. The median estimate in a Bloomberg survey of economists called for 3 million last week.