On the heels of worse-than-anticipated first-quarter GDP knowledge, buyers will likely be bracing for extra financial knowledge Thursday to mirror the continuing injury being achieved to the U.S. economic system because of the COVID-19 pandemic.The U.S. Labor Division is scheduled to launch weekly jobless claims figures Thursday morning, and economists predict that a further 3.5 million Individuals filed for unemployment advantages through the week ending April 25, following 4.427 million preliminary jobless claims within the the prior week. In simply the earlier 5 weeks, greater than 26 million Individuals have filed unemployment insurance coverage claims.Persevering with claims, which lags preliminary jobless claims knowledge by one week, is anticipated to complete 19.24 million for the week ending April 18. There have been a report 15.98 million persevering with claims through the earlier week ending April 11.(David Foster/Yahoo Finance)MoreWhile consensus economists anticipate weekly jobless claims will likely be within the tens of millions within the close to time period, a continued regular decline is essentially anticipated going ahead.“We expect initial jobless claims to continue to decline on a weekly basis. Many workers affected by closures of nonessential businesses have likely already filed for benefits at this point,” Nomura economist Lewis Alexander wrote in a notice April 27. “In addition, the strong demand for Paycheck Protection Program (PPP) loans, part of the CARES Act passed on 27 March, suggests some room for labor market stabilization.”Nevertheless, Barclays warns that some latest knowledge indicated that the decline in weekly claims may really be slower than beforehand estimated.“NYC 311 calls in the week ending April 24 were running about 30% higher than a week earlier and support our change in forecast,” Barclays economist Blerina Uruci wrote in a notice Wednesday. “In particular, we find it concerning that after declining steadily in recent weeks, the number of calls related to unemployment rose again during the week ending April 24.”The agency elevated its estimate for weekly jobless claims to Four million from the beforehand estimated 3.25 million for the week ending April 25. Financial institution of America additionally boosted its estimate for claims to 4.1 million from the beforehand forecast 3.5 million claims.“Scanning through the local news, we were able to locate information about ten states + DC. We found that claims declined only 2.5% week-to-week NSA [not seasonally adjusted],” Financial institution of America mentioned in an notice Wednesday.Sure states obtained hit tougher than others through the week ending April 18 as large backlogs continued to pile up, and states that carried out shelter-in-place orders later than others noticed a rise in claims. For the week ending April 18, California noticed the very best variety of preliminary jobless claims at an estimated 533,000 on an unadjusted foundation, down significantly from 655,000 the prior week. Florida had an estimated 505,000, Texas reported 280,000 and Georgia had 244,000. COVID-19 instances just lately topped Three million worldwide, based on Johns Hopkins College knowledge. There have been greater than 1 million instances within the U.S. and 59,000 deaths, as of Wednesday afternoon.—Heidi Chung is a reporter at Yahoo Finance. Comply with her on Twitter: @heidi_chung.Extra from Heidi:Discover reside stock market quotes and the most recent enterprise and finance newsFollow Yahoo Finance on Twitter, Fb, Instagram, Flipboard, LinkedIn, and reddit.