1.87 million more Americans filed for unemployment last week in the U.S. according to the U.S. Labor Department. 

The week before, over two million people filed for unemployment, indicating a decrease in claims. 

But analysts say, even though people are slowly returning to work, unemployment in the U.S. is still staggeringly high. 

More than 42 million people are unemployed because of the  coronavirus pandemic. 

According to CNBC, this is the first time U.S. weekly unemployment claims are under two million since the week of March 14th. 

Economists predict unemployment could reach nearly 20%. 

If it does, that means 1 in 5 people will be out of work. 

CNN reports, Goldman Sachs predicts May or June will be the worst months of the labor market crisis before a significant drop in unemployment is seen. 

What does this mean for the U.S. economy going forward? 

Oxford Economics expects the nation's unemployment rate to be around 10% by the end of the year but even as business bring workers back, it will still take time for the economy to recover.

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