The US Department of Labor data on May 7 showed that the number of first-time claims for unemployment relief in the United States from April 26 to May 2 was 3.169 million, close to 3 million expectations, which was a decrease from the previous value of 3.839 million. In the past seven weeks, the number of unemployed nationwide has increased to about 33 million.
In addition, the number of people receiving unemployment benefits for the week of April 25 was 22.647 million, which is expected to be 19.905 million, with a previous value of 17.992 million, a continuation of history new highs. At the beginning of the week of May 2nd, the four-week average of the number of people claiming unemployment benefits was 4.173 million people, and the previous value was revised from 5.0333 million to 5.035 million.