• U.S. jobless claims surge to record 3.28 million

    6 days ago - By Reuters

    The number of Americans filing claims for unemployment benefits surged to a record of more than 3 million last week as an economy grounded to a halt by the coronavirus pandemic throws millions out of work. Conway G. Gittens breaks down the numbers.
    Read more ...

     

  • U.S. weekly jobless claims soar to record 3.28 million

    6 days ago - By Reuters

    The number of Americans filing claims for unemployment benefits surged to a record of more than 3 million last week as strict measures to contain the coronavirus pandemic brought the country to a sudden halt, unleashing a wave of layoffs that likely ended the longest employment boom in U.S. history.
    Read more ...

     

  • Nebraska jobless claims soar with rise in virus numbers

    Nebraska jobless claims soar with rise in virus numbers

    6 days ago - By KETV

    Officials say Nebraska's initial claims for unemployment skyrocketed with the nation's last week amid the coronavirus pandemic.
    Read more ...

     

  • A record-shattering number of Americans filed for unemployment last week - here's what the situation looks like in each state

    A record-shattering number of Americans filed for unemployment last week - here's what the situation looks like in each state

    6 days ago - By Business Insider

    A record 3.28 million Americans filed for unemployment benefits in the week ending March 21 as coronavirus-induced layoffs surge around the country.
    Some states have been hit harder than others, potentially due to individual orders to curb the spread of COVID-19.
    "Nearly every state providing comments cited the COVID-19 virus impacts," the Labor Department wrote in the report released Thursday.
    Here's the situation in every state.
    Visit Business Insider's homepage for more stories .
    Some states have been hit harder than others by massive layoffs amid the coronavirus pandemic. In the week...
    Read more ...

     

  • 'A generation-defining moment': Krugman, Roubini, El-Erian warn that the record 3.3 million unemployment claims are 'just the start'

    'A generation-defining moment': Krugman, Roubini, El-Erian warn that the record 3.3 million unemployment claims are 'just the start'

    6 days ago - By Business Insider

    Claims for unemployment benefits soared to 3.28 million last week, more than four times the previous record of 700,000 set in 1982, Department of Labor data revealed on Thursday .
    Economists Mohamed El-Erian, Nouriel Roubini, and Paul Krugman underscored the shocking increase and warned of further economic damage.
    "Unfortunately it's just the start, highlighting that we're living through a generation-defining moment," El-Erian tweeted .
    "Bear in mind that at the absolute worst of the Great Recession we were losing 800,000 jobs *per month*. So this is at least an order of magnitude worse...
    Read more ...

     

  • Instant View: U.S. jobless claims balloon to record on coronavirus impact

    6 days ago - By Reuters

    The number of Americans filing claims for unemployment benefits shot to record of more than 3 million last week as strict measures to contain the coronavirus pandemic ground the country to a sudden halt, unleashing a wave of layoffs that likely brought an end to the longest employment boom in U.S. history.[]
    Read more ...

     

  • New unemployment claims skyrocket more than 1,950% in Massachusetts

    New unemployment claims skyrocket more than 1,950% in Massachusetts

    6 days ago - By WCVB

    Massachusetts is not alone. Nearly 3.3 million Americans applied for unemployment benefits last week.
    Read more ...

     

  • Unemployment claims soared to 3.3 million last week, most in history

    6 days ago - By WGN TV

    A record number of Americans filed for their first week of unemployment benefits last week, as businesses shut down to slow the spread of the coronavirus.
    Initial jobless claims soared to a seasonally adjusted 3.28 million in the week ended March 21, according to the Department of Labor.
    That is the highest number of initial jobless claims in history, since the Department of Labor started tracking the data in 1967. The previous high was 695,000 claims filed in the week ending October 2, 1982.
    Last week's jump marked a massive increase from a revised 282,000 claims in the prior week. Prior...
    Read more ...