New York (CNN Business) Americans are starting to lose their jobs in response to the coronavirus pandemic, and economists expect it's only going to get worse from here. And quickly, too.

Early Thursday, a government report showed 281,000 Americans filed for their first week of unemployment benefits last week. It was a sudden 33% jump over the week before and the biggest percentage increase since 1992.

But next week's report is likely to be far worse, according to Goldman Sachs economists.

They predict the report will show 2.25 million Americans filed for their first week of unemployment benefits this week — eight times the number of people who filed last week and the highest level on record.

That estimate is based on news reports of an unprecedented surge in layoffs early in the week. Airlines, restaurants , hotels, sports events and retailers are all struggling to cope with a sudden drop in revenue, as people stay home to prevent the spread of the virus.

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