Jobless Claims Increase
by 5.2 Million The four-week total for
jobless claims has exceeded 22 million. Nearly all of the job gains since
the Great Recession have been lost. The claims exceeded projections
of a total of five million
new claims for the week ending on April 11. Peter Boockvar, Bleakley Group, via CNBC The new numbers include
independent contractors who, prior to
the passage of the CARES Act, were not
eligible to apply for unemployment. The silver lining in the new
jobless claims numbers is they
decreased by more than
1.2 million from the previous week. Peter Boockvar, Bleakley Group, via CNBC