04042020Sat
Last updateFri, 03 Apr 2020 8pm

Manufacturing & The Economy

U.S. Jobless Claims Reach Record High

Shattering the old mark of 695,000 set in October of 1982, a record 3.28 million Americans filed for unemployment benefits this week. The consensus forecast among economists was approximately 1.5 million.

“This was way bigger than we thought and the market’s still moving higher,” Randy Frederick, vice president of trading and derivatives at Charles Schwab, told CNBC. “That’s a very encouraging sign that we may be in a bottoming process.”

Subscribe VMWNT20FREE SUBSCRIPTION*

• Print magazine
Digital magazine
• VALVE eNews
Read the latest issue

*to qualified valve professionals in the U.S./Canada

Looking for a career in the Valve Industry?

ValveCareers Horiz

To learn more, visit the Valve Careers YouTube channel to watch the videos below or visit ValveCareers.com a special initiative of the Valve Manufacturers Association

  • Latest Post

  • Popular

  • Links

  • Events

New Products