US weekly jobless claims expected to climb by 2.4 million despite easing of lockdown measures ...United Arab Emirates

Millions more Americans are expected to have filed for unemployment benefits as the pandemic continues to wreck the economy, with the total number of US jobless claims over the past two months predicted at nearly 39 million. Economists estimate an additional 2.4 million filings in the week ending May 16, following 2.98 million claims during the previous week. The rise in unemployment comes despite the reopening of the economy by an increasing number of states across the country. Claims have been gradually declining since hitting a record 6.867 million in the week ending March 28. “A couple of large states, Florida and New York, still h

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