Category: Jobless

Jobless Claims Hit 6.6 Million
,

Jobless Claims Hit 6.6 Million

The coronavirus continued to weigh on the U.S. labor market last week. New applications for unemployment hit 6.6 million in the week ended April 4, Labor Department data showed Thursday. The prior week, originally reported at 6.6 million, was revised to 6.9 million. Claims from three weeks ago were also revised upward. These rose from…

Read More
Out of Work: Jobless Claims Jump to 6.6 Million
,

Out of Work: Jobless Claims Jump to 6.6 Million

More than 6.6 million Americans applied for unemployment benefits last week. The record 6,648,000 seasonally adjusted claims figure comes after 3.3 million sought benefits two weeks ago. Claims have skyrocketed after large segments of the U.S. economy shut down in response to government orders aimed at combating the coronavirus pandemic. Economists had expected claims to…

Read More
Jobless Claims Soar to 3,283,000
,

Jobless Claims Soar to 3,283,000

Jobless claims rose to 3,283,000 last week, reflecting only the first round of mass layoffs due to the coronavirus pandemic. Jobless claims are considered the closest thing we have to a real-time indicator of economic conditions, reflecting claims from the prior week. Many pieces of economic data come out with lags of a month or more,…

Read More