The Department of Labor noted, “The COVID-19 virus continues to impact the number of initial claims and its impact is also reflected in the increasing levels of insured unemployment.” In a dramatic increase, 3.8M additional Americans claimed unemployment last week Read more…
Its no surprise to anyone that the unemployment numbers are going to skyrocket but this one was above expectations. The latest report is as of 8:30AM on April 2nd. According to DOL.GOV the advance figure for seasonally adjusted initial claims Read more…
As of 8:30AM on March 26th, according to Bloomberg news there were 3.3M jobless initial claims in the previous week. Yahoo Finance reports the current record for the number of initial unemployment filings in a single week is 695,000, seen Read more…