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Stock futures trade lower on US job concerns

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www.fox29.com

NEW YORK - U.S. equity futures are trading lower ahead of weekly jobless claims numbers. The major futures indexes are indicating a decline of about 1.2 percent when trading begins on Thursday. RELATED: CoronavirusNOW.com, FOX launches national hub for COVID-19 news and updates Jobless claims are expected to surge to 1 million last week, with estimates running as high as 4 million as efforts to contain the coronavirus pandemic triggered a wave of layoffs and brought the U.S.

economy to a virtual standstill. That would exceed by far the record-high number of 695 thousand claims filed in October 1982.

The Senate late Wednesday passed an unparalleled $2.2 trillion economic rescue package steering aid to businesses, workers and health care

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