CNN: Another 4.4 million Americans filed for unemployment benefits last week

  • OP OP Ana
  • Start date Start date
  • Views Views 833
  • Replies Replies 1

Ana

Well-known member
Member
Joined
Dec 12, 2018
Messages
1,169
Trophies
0
For the fifth week in a row, millions of American workers applied for unemployment benefits, seeking financial relief as businesses remained closed during the coronavirus pandemic.

First-time claims for unemployment benefits totaled 4.4 million in the week ending April 18, after factoring in seasonal adjustments, the US Department of Labor said.

Without those adjustments — which economists use to account for seasonal hiring fluctuations — the raw number was 4.2 million.

No matter how you look at the data, the last five weeks have marked the most sudden surge in jobless claims since the Department of Labor started tracking the data in 1967. American workers filed 26.5 million initial claims since March 14, according to the seasonally adjusted numbers.

 
It is also very unsettling to know that this isn't everyone. This is only FIRST-TIME claims, as well as not taking into account the people who aren't eligable, freelancers, self-employed people...
 

Latest content

Back
Top