Initial Jobless Claims showed that there were 281,000 individuals who filed for unemployment benefits for the first-time last week. This was the highest figure level in 2.5 years and was 70,000 higher than the previous report. This is just the beginning and we expect these numbers to rise. This was also the “Sample Week” that is considered in the Jobs Report estimates and modeling, so it does hold more weight than usual. And this low level of Claims would forecast a weaker Jobs figure that we will receive on April 3rd, which is expected as no one is hiring currently.