Coronavirus Unemployment Total Jumps to 22 Million

Daniel Fowler
April 17, 2020

The US Labor Department reported that 5.245 million more Americans filed first-time claims for unemployment last week.

In Colorado over the past 4 weeks, 231,610 initial claims have been filed.

The U.S. Department of Labor also revealed that MA had the sixth-highest insured unemployment rate in the week ending on March 28.

The previous week's initial jobless claims number was revised up by 9,000 from 6,606,000 to 6,615,000.

Last month, retail sales plunged by a record 8.7%, while manufacturing output dropped by the most in more than 74 years.

While weekly claim numbers for the week of April 5-11 declined from the previous week, it was still the third highest weekly number of claims on record, according to the state Employment Security Department.

NY confirms more cases than any country
Mr Cuomo said the curve appears to have flattened, along with the slowing death rate. "We need some greater capacity", he said. Small businesses and workers, particularly in the service industries, have borne the brunt of the lockdown measures.

A total of 571,304 initial claims have been submitted in MA as of March 15, according to the state's Executive Office of Labor and Workforce Development. Those who file will be paid retroactive to their eligibility date, she said.

The mounting economic fallout nearly certainly signals the onset of a global recession, with job losses that are likely to dwarf those of the Great Recession more than a decade ago. That would be more than double the contraction that occurred during the 2008-2009 recession, which was the worst downturn since the Great Depression of the 1930s.

"We have been working constantly to come up with innovative ways to help Alabamians get the answers they need during this period of uncertainty", said Labor Department Secretary Fitzgerald Washington in a statement.

In the past month, about 22 million Americans nationwide have filed for unemployment aid due to the economic impacts of the coronavirus.

"Expectations for economic data and the current earnings season are already extremely low (but) these figures could act as a reminder that the global economy is facing a deep recession and that recovery might take longer than initially expected", Cutkovic added.

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