Breaking: US Initial Jobless Claims rose to 6.648 million, new record high

There were 6,648,000 Initial Claims for unemployment benefits in the US during the week ending March 28, the data published by the US Department of Labor (DOL) revealed on Thursday. This reading followed last week's print of 3,307,000 (revised from 3,283,000) and came in much worse than the market expectation of 3,500,000.

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