Jobless claims: Another 6.6 million workers file for benefits
The COVID-19 pandemic’s rapid spread continues to hammer the U.S. economy, and Thursday’s initial jobless claims data showed yet another brutal week for the U.S. labor market.
“The labor market is setting records, but for all the wrong reasons. Another 6.6 million unemployment claims were filed in the past week, bringing the tally to an unprecedented 16.5 million in the past three weeks alone,” Greg McBride, Bankrate’s chief financial analyst, said in an email. “Continuing unemployment claims also hit a new record of 7.45 million, and soon enough this will be the number we watch every week instead.
For the week ended April 4, California saw the highest number of initial claims at an estimated 925,000 on an unadjusted basis, up from 879,000 the prior week. Georgia had an estimated total of 388,000, Michigan had 385,000, and New York reported 345,000. “In last week’s data, about a third of the rise reflected states where processing had not kept up with initial claims during the first weeks of the crisis . We think claims in those states still have further to rise,” Carpenter explained in a note published on April 3.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
U.S. Unemployment Claims Total 6.6 Million Last WeekThe ranks of workers filing for unemployment claims was 6.6 million last week, as the number of U.S. coronavirus cases outpaced the world..
Lire la suite »
Ex-Fed chair Janet Yellen thinks Thursday's jobless claims could break last week's 6.6 million recordThe former chair of the Federal Reserve made the suggestion during a conference call with House Democrats on how the coronavirus pandemic is hurting the economy.
Lire la suite »
Another 6.6M Americans file for unemployment benefits as layoffs show no letupMore than 6.6 million Americans filed for unemployment benefits last week as the coronavirus pandemic's toll on the economy mounts
Lire la suite »
Homeowners seek a mortgage reprieve amid COVID-19The number of Americans seeking to temporarily suspend their mortgage payments spiked during the month of March, as the COVID-19 crisis accelerated.
Lire la suite »