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Record 3.28 Million File for U.S. Jobless Benefits

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

A record 3.28 million workers applied for unemployment benefits last week as the new coronavirus hit the U.S. economy, marking the end of a decadelong job expansion.

The number of Americans filing for claims was nearly five times the previous record high. Workers seeking jobless benefits, a proxy for layoffs, increased by 3 million for the week ended March 21, from the prior week.

States reporting large increases included Pennsylvania, California, Massachusetts, New Jersey and Ohio. Many U.S. businesses have announced layoffs and several state and local authorities ordered nonessential...

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https://www.wsj.com/articles/the-long-run-of-american-job-growth-has-ended-11585215000

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