Washington, D.C. – Jobless claims among US Citizens has soared to a record 6.648 million. This is approximately double the 3.3 million claims that were registered from last week. The full release from the US Department of Labor is available to read here.
Unemployment Insurance Weekly Claims
Initial claims were 6,648,000 for the week ending 3/28 (+3,341,000).
Insured unemployment was 3,029,000 for the week ending 3/21 (+1,245,000).https://t.co/ys7Eg5LKAW
— U.S. Department of Labor (@USDOL) April 2, 2020
The 3.3 million increase in seasonally adjusted initial claims in the history of the report. As was expected, the majority of claims were reported due to the COVID-19 closures across the country. Yahoo reports that searches for unemployment benefits has increased in the past month. Google states that the increase peaked on March 26.
According to John Hopkins data, the United States currently has just under 217,000 COVID-19 cases. The virus has caused shut downs across the country and mandatory closures of many businesses. Please consider donating to support The Liberty Loft so we can continue to deliver the content you find here.
