Vermont jobless claims spike, smashing Great Recession high

Marco Green
March 26, 2020

As the coronavirus continues to devastate the global economy, job numbers in America show that unemployment skyrocketed up to record numbers last week.

Almost 3.3 million people registered to claim unemployment benefits for the week ended 21 March, according to Department of Labor data.

It's the highest level of initial claims the Labor Department has on record since it began adjusting the figures to account for seasonal variations.

Schools have been shut down and workers have been ordered home in multiple states.

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

Yet as recently as Wednesday, California Governor Gavin Newsom said more than one million Californians had filed for unemployment benefits since March 13, in an unprecedented surge of joblessness for the country's most populous state.

In February, the Labor Department reported that unemployment had reached a 50-year low of 3.5 percent. 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.

Elsewhere, Connecticut's new weekly jobless claims were reported at 25,098 in the Labor Department's print Thursday.

Other reports by Click Lancashire

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