Million People Filed For Unemployment Benefits Last Week - The Most in History

Daniel Fowler
March 26, 2020

The drop came after New York, California, and several other states ordered a complete shutdown of all non-essential establishments as a social distancing measure to prevent further spread of the coronavirus.

The Labor Department saw an additional 3 million people seeking unemployment claims last week - the highest increase of unemployment claims the Labor Department has recorded since it began measuring seasonal unemployment.

The previous record was set in 1982, when unemployment claims hit 695,000.

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On the other hand, talking about work, the actor's latest outing Sooryavanshi was all set to hit the screens on March 24, 2020. There had been no official confirmation of the same.

"During the week ending March 21, the increase in initial claims are due to the impacts of the COVID-19 virus", the department said at the top of their news release.

Layoffs are sure to accelerate as the USA economy sinks into what most economists expect to be deep and painful recession.

And as James Knightley, chief global economist for ING, pointed out, the states reporting the greatest numbers of new jobless claims in the Labor Department's report misalign with anecdotal evidence and state-reported data coming out over the past week. To put that number in perspective, during the week of March 14, applications totaled 659 and at the peak of the Great Recession there were only two weeks when more than 2,000 Vermonters applied for unemployment insurance.

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