Weekly unemployment claims rise by 3.2M as states move to reopen

Posted on AllSides May 7th, 2020
From The Left
Economy and Jobs, coronavirus, jobless claims, unemployment benefits, reopening business, reopening America

The number of Americans losing jobs to the coronavirus pandemic continued last week to climb steeply, the Labor Department reported Thursday, with 3.2 million new unemployment claims filed.

The latest figure, which covers the week ending May 2, puts job losses over the past seven weeks at nearly 33.5 million, prompting many economists to suggest that unemployment now stands higher than in most Americans' lifetimes.

The Bureau of Labor Statistics on Friday will release its more precise estimate of the April unemployment rate as part of its monthly jobs report....

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