Morgan Stanley’s Chief Economist Predicting 3.4 Million People Filed for Unemployment Last Week

Tuesday 24 March, 2020 Written by 
Morgan Stanley’s Chief Economist Predicting 3.4 Million People Filed for Unemployment Last Week

JOB LOSSES - Investment bank Morgan Stanley released a dire memo on unemployment as the U.S. jobs market continues to be buffeted by the pandemic.

The company predicted 3.4 million people filed for unemployment benefits in the week ending on March 21, five times more than the previous jobless claims record in a one-week period.

The figures should be out on Thursday. 

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