Adapted from Deutsche Bank; Chart: Axios Visuals

Torsten Slok, chief economist at Deutsche Bank Securities, says he is expecting Thursday's initial jobless claims report to show 8 million Americans filed for weekly unemployment benefits last week.

Why it matters: That would be the largest number ever and the fourth time in history unemployment benefits have surpassed 1 million — all of which have been in the past four weeks.

  • A reading that large would also mean the U.S. has officially shed more jobs in the past four weeks than it gained during the 11 years since the end of the Great Recession.

On the other side: Economists Aaron Sojourner and Paul Goldsmith-Pinkham, who initially stunned markets by predicting more than 3 million claims for the week ending March 21, expect 4.8 million claims this week.

Go deeper: The coronavirus pandemic threatens low-wage jobs

Go deeper

Updated 6 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Pence chief of staff Marc Short tests positive for coronavirus — COVID-19 looms over White House Halloween celebrations
  2. Health: Fauci says maybe we should mandate masks if people don't wear them — America was sick well before it ever got COVID-19
  3. World: Polish President Andrzej Duda tests positive for COVID-19.

Pence chief of staff Marc Short tests positive for coronavirus

Marc Short with Katie Miller, Vice President Pence's communications director, in March. Photo: Doug Mills/The New York Times via Reuters

Marc Short, Vice President Mike Pence’s chief of staff, tested positive for the coronavirus Saturday and is quarantining, according to a White House statement.

Why it matters: Short is Pence's closest aide, and was one of the most powerful forces on the White House coronavirus task force.

6 hours ago - World

Opposition leader Leopoldo López flees Venezuela

Venezuelan opposition politician Leopoldo López outside the Spanish embassy in Caracas, in 2019. Photo: Juan Barreto/AFP via Getty Images

Leopoldo López, a former political prisoner and prominent Venezuelan opposition leader, has left the country, his Popular Will party confirmed in a statement Saturday.

Why it matters: He's been an influential force in the push to oust President Nicolás Maduro's regime and a mentor to opposition leader Juan Guaidó. He'd been in the Spanish ambassador's Caracas residence since escaping house arrest in April 2019 following a failed military uprising.