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

Marco Green
March 26, 2020

People are losing their jobs left and right because of this coronavirus outbreak.

The report reflected the widespread shutdown of large sectors of the American economy, with countless restaurants, hotels, entertainment venues and other businesses furloughing employees or slashing their work hours.

The Department of Labor reported Thursday that nationwide, claims for jobless benefits surged to a record 3.3 million in the week that ended March 21. The total dwarfs the previous high of 695,000 from October 1982, according to the department, which released numbers for the week ending March 21 this morning. States continued to cite services industries broadly, particularly accommodation, and food services.

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

The $2 trillion stimulus package that was passed by Senate is surely going to hit different whenever that arrives.

The number of people without jobs in the U.S. has surged to a record high as the economy goes into lockdown due to the coronavirus pandemic.

Other reports by Click Lancashire

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