It is Thursday, April 16 and today we are reading that jobless claims now total 22 million, market futures are up slightly despite the unemployment report, the Treasury yield falls to 0.6% and U.S. home construction collapsed in March. Also, since most of us have had to cancel plans during the pandemic, we are reading how you can get refunds for those lost tickets, hotel stays and more.
Futures contracts tied to the major U.S. stock indexes rose on Thursday even after the release of more dismal unemployment data.
Jobless claims total 5.245 million as 22 million positions have been lost in a month due to coronavirus
Protection measures against the coronavirus continued to tear through the employment ranks, with 5.245 million more Americans filing first-time claims for unemployment insurance last week, the Labor Department reported Thursday.
Long-dated Treasury yields fell on Thursday after data showed another 5.25 million Americans applied for unemployment benefits last week amid coronavirus shutdowns.
U.S. home-building activity collapsed in March as the coronavirus spread, with housing starts tumbling 22.3% from a month ago.
For Americans sheltering at home, life, as they once knew it, is on hold. Because of the global pandemic, weddings and graduations are postponed, while upcoming conferences, concerts, sporting events and vacations are all canceled. That has left nearly 4 in 10 adults — or 59 million people — with out-of-pocket costs.