People gather at the entrance for the New York State Department of Labor offices in Brooklyn on March 20, 2020. The Federal Reserve estimates that 47 million people could lose their jobs before the COVID-19 crisis ends.
Andrew Kelly | REUTERS
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8:47 am: Jobless claims continue record pace
This week’s reading of initial jobless claims came in at 6.6 million, the Labor Department announced Thursday. The expected claims for the week ending April 4 were 5 million.
This is the third consecutive week of initial jobless claims in the millions, which had never happened before the coronavirus crisis. This brings the total initial claims over the last three…