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Home US News US Politics

5.2 million more people filed jobless claims last week

Loud Silence Staff by Loud Silence Staff
April 16, 2020
in US Politics
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5.2 million more people filed jobless claims last week
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A For Sale By Owner and closed due virus sign is displayed in the window of Images On Mack in Grosse Pointe Woods, Mich., Thursday, April 2, 2020. The coronavirus COVID-19 outbreak has triggered a stunning collapse in the U.S. workforce with 10 million people losing their jobs in the past two weeks and economists warn unemployment could reach levels not seen since the Depression, as the economic damage from the crisis piles up around the world. (AP Photo/Paul Sancya)

Last week another 5.2 million Americans filed jobless claims, bringing the total attributed to coronavirus-related shutdowns to 22 million. It was down by more than a million claims from the week before, when 6.6 million claims were processed.

Catching up, the report for the week of April 11, released Thursday, also showed that 12 million people had received jobless payments the week before, ending April 4, a new record high and more than 6 million more payments from the previous week. “It might take until mid-May or longer before we see claims declining” significantly, University of Michigan labor economist Daniil Manaenkov told the Wall Street Journal. “It could take until we see the economy partially reopen.”



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This content first appear on dailykos

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