• Record unemployment is no surprise - it's why nation needs relief bill now

    6 days ago - By New York Post

    News that 3.28 million workers filed for unemployment last week was painful but not remotely surprising: Everyone knew it was coming - that's why the federal relief bill is so urgent. A record-setting jump in jobless claims is what you get when you instantly shut down much of the economy. Worse is ahead. Good-bye to...
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  • NH employment claims spike 3,000% last week

    NH employment claims spike 3,000% last week

    6 days ago - By WMUR

    Reflecting a huge upturn in unemployment claims nationally, a total of 21,878 initial claims were filed in New Hampshire during the week that ended March 21, the U.S. Department of Labor reported Thursday.
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  • Record number of unemployment claims likely much higher than 3.28M

    Record number of unemployment claims likely much higher than 3.28M

    6 days ago - By New York Post

    The number of Americans filing unemployment claims could be much higher than the record 3.28 million the feds reported on Thursday, experts reportedly said. A tidal wave of workers laid off amid the mass coronavirus shutdown have been applying for benefits much faster than the overwhelmed state unemployment agencies can process them. “There is reason...
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  • NY restaurants, hotels warn of mass layoffs as US sees record jobless claims

    NY restaurants, hotels warn of mass layoffs as US sees record jobless claims

    6 days ago - By The Real Deal New York

    Americans filed a record number of unemployment claims last week, and in New York state, restaurants and hotel owners said Thursday they would be laying off thousands of workers. The 3.3 million jobless claims bulldozed the prior record from 1982, according to data from the U.S. Department of Labor. For the real estate industry, the jobless claims mean that companies forced to close because of the coronavirus have had to lay off scores of workers.
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  • Do House Republicans Agree That 3.3 Million Jobless Americans Aren't Relevant?

    Do House Republicans Agree That 3.3 Million Jobless Americans Aren't Relevant?

    6 days ago - By DCCC

    President Trump's Treasury Secretary: “These Numbers Right Now Are Not Relevant”
    This morning, as news broke that a record-breaking 3.3 million Americans filed last week for their first week of unemployment benefits, President Trump's Treasury Secretary told CNBC that he didn't think the “numbers” were relevant.
    His comments follow Washington Republicans' last-ditch effort to cut unemployment insurance in coronavirus stimulus legislation.
    House Democrats fought to ensure unemployed Americans receive aid in the most recent stimulus package. They also extended unemployment insurance and paid...
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  • 3.3 million Americans filed for unemployment - and an economist predicts it could be far worse than the Great Recession

    6 days ago - By Business Insider

    A record-breaking 3.3 million Americans filed for unemployment last week, according to data released Thursday.
    Bankrate senior economic analyst Mark Hamrick predicts the downturn could be worse than the Great Recession.
    The coronavirus pandemic is continuing to force massive layoffs across the country.
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  • States aren't ready for the record 3.3 million unemployment claims that were just filed

    States aren't ready for the record 3.3 million unemployment claims that were just filed

    6 days ago - By Fortune

    More Americans filed for unemployment benefits last week than any other week in American history. Just under 3.3 million Americans filed for unemployment benefits the week ending March 21, more than four times greater than the one-week U.S. record from 1982, according to the U.S. Department of Labor.
    Many states weren't prepared fiscally for a recession-level increase in jobless claims, let alone this current historic swell in unemployment claims. A total of 22 states do not have the recommended unemployment trust reserves, according to a Department of Labor's report published in...
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