Record number of unemployment claims likely much higher than 3.28M

Marco Green
March 27, 2020

Data released by the Department of Labor on Thursday showed an unemployment claims increase of more than 1,950 percent in MA between March 15 and March 21.

The four-week moving average of initial claims, considered a better measure of labor market trends as it irons out week-to-week volatility, jumped 2,647,034 to a record 2.90 million.

"We estimate that by summer, 14 million workers will lost their jobs due to the coronavirus shock", she said in a tweet.

An analysis of federal data showed that other states have seen far sharper increases in unemployment - like the 34-fold increase in New Hampshire - but that could change as new data arrives.

More information about unemployment benefits and resources for business owners can be found on the EDD website. Continuing claims increased 110,000 between the February and March survey week, suggesting the unemployment rate will probably rise this month from the current 3.5%.

California is processing an unprecedented number of unemployment insurance claims triggered by the COVID-19 outbreak.

Still, there are anecdotal complaints, including one worker who said on social media that she was recently furloughed and ineligible to file a claim online and was experiencing trouble filing a claim by telephone. Back then, Maryland's highest numbers of new claims didn't exceed 12,600 in a week.

"Still, record levels of unemployment claims cause longer wait times, as the department works to gather and process the details factoring into each individual claimant's eligibility and weekly benefit amount", the agency said.

The Colorado Department of Labor and Employment also will speed the delivery of benefits, officials said.

Other reports by Click Lancashire

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