The Labor Department said Thursday that 870,000 Americans filed new jobless claims last week, which was about 4,000 claims higher than the revised total from the week prior. The number was above the level that economists were expecting, as experts had forecast a decline to 850,000 claims. This was another week that the new jobless claims remained below one million, but months into the coronavirus crisis, they're still at a level that far surpasses the worst week of the Great Recession. Prior to the COVID-19 pandemic, the record for most claims filed in a single week was 695,000 in 1982. Schmidt Futures labor economist Martha Gimbel told NBC News, "It is astonishing that we are getting used to a number every week higher than we have ever seen before."
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