U.S. Jobless Claims Total 6.6 Million Last Week
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From the Center
U.S. Unemployment Claims Total 6.6 Million Last Week
The number of Americans seeking unemployment benefits continued to surge at record levels, bringing the total number of applications to nearly 17 million since the coronavirus pandemic shut down swaths of the U.S. economy.
The Labor Department reported Thursday that another 6.6 million people submitted applications for unemployment benefits in the week ended April 4. That is on top of a revised 6.9 million in the prior week, a record, and 3.3 million the week before.
Another key measurement of joblessness showed a record 7.5 million Americans were receiving unemployment...
From the Right
Weekly jobless claims hit 6.6 million due to coronavirus outbreak, Labor Department says
Another 6.6 million people applied for unemployment benefits last week, the government reported on Thursday, as the economic shutdown due to the coronavirus continued to devastate the labor market.
Claims for the previous week were revised upward to 6.8 million. The three-week total for jobless claims now stands at 16.5 million.
Meanwhile, the Federal Reserve and the Treasury Department announced Thursday another $2.3 trillion in stimulus. They established a Main Street Business Lending Program and a Municipal Liquidity Facility to support the flow of credit to American workers, businesses, states,...
From the Left
Another 6.6 million Americans filed for unemployment benefits last week
Another 6.6 million people filed for unemployment benefits last week, according to the US Department of Labor, as American workers continue to suffer from devastating job losses, furloughs and reduced hours during the coronavirus pandemic.
It was the second largest number of initial unemployment claims in history, since the Department of Labor started tracking the data in 1967.
Altogether, roughly 16.8 million American workers, making up about 10% of the US labor force, have sought aid in the form of jobless benefits in just the prior three weeks alone....
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