A record 3.3 million Americans filed for unemployment benefits as the coronavirus slams economy

Posted on AllSides March 26th, 2020
From The Left
Economy and Jobs, unemployment benefits, jobless benefits, layoffs, coronavirus, unemployment rate

The U.S. unemployment rate has likely risen to 5.5 percent already -- a level not seen since 2015.

A record 3.3 million Americans applied for unemployment benefits last week, the Labor Department said Thursday, as restaurants, hotels, barber shops, gyms and more shut down in a nationwide effort to slow the spread of the deadly coronavirus.

Last week saw the biggest jump in new jobless claims in history, surpassing the record of 695,000 set in 1982. Many economists say this is the beginning of a massive spike in unemployment that...

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https://www.washingtonpost.com/business/2020/03/26/unemployment-claims-coronavirus-3-million/

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