The U.S. Department of Labor announced Thursday that 6.6 million Americans filed jobless claims last week, a staggering and record-breaking surge in unemployment that comes as the coronavirus outbreak has completely shuttered large swaths of the economy and sparked mass layoffs nationwide.
“I have spent the last twenty years studying the labor market and have never seen anything like it.”
—Heidi Shierholtz, Economic Policy Institute
The new figures bring the total number of unemployment claims for the month of March to 10.4 million , surpassing the number of jobs lost during the entirety of the Great Recession of 2007-2009. The 6.6 […]
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