Stock futures trade lower on US job concerns – By Ken Martin (FOX Business) / March 26 2020
Jobless claims are expected to surge to 1 million last week, with estimates running as high as 4 million
U.S. equity futures are trading lower ahead of weekly jobless claims numbers.
The major futures indexes are indicating a decline of about 1.2 percent when trading begins on Thursday.
Jobless claims are expected to surge to 1 million last week, with estimates running as high as 4 million as efforts to contain the coronavirus pandemic triggered a wave of layoffs and brought the U.S. economy to a virtual standstill. That would exceed by far the record-high number of 695 thousand claims filed in October 1982.
The Senate late Wednesday passed an unparalleled $2.2 trillion economic rescue package steering aid to businesses, workers and health care systems engulfed by the coronavirus pandemic.
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