Jobless claims: Another 3.5 million Americans expected to have filed for unemployment benefits

Summary: On the heels of worse-than-anticipated first-quarter GDP data, investors will be bracing for additional economic data Thursday to reflect the ongoing damage being done to the U.S. economy as a result of the COVID-19 pandemic. The U.S. Labor Department is scheduled to release weekly jobless claims figures Thursday morning, and economists predict that an additional 3.5 million Americans filed for unemployment benefits during the week ending April 25, following 4.