Send a Tweet
Most Popular Choices
Poll Analyses
Share on Facebook 7 Share on Twitter 2 Printer Friendly Page More Sharing
General News    H2'ed 3/26/20

3.28 million people filed for unemployment in the U.S. last week amid coronavirus shutdown

Follow Me on Twitter     Message Sheila Samples
Become a Fan
  (49 fans)

US jobless claims hit 3.3 million, quadruple previous record ...
US jobless claims hit 3.3 million, quadruple previous record ...
(Image by fox6now.com)
  Details   DMCA

A record 3.28 million Americans filed jobless claims in the past week as the coronavirus crisis plunged the nation into a certain deep recession. The grim number is an eye-popping 400% higher than the all-time record of 695,000 in 1982. Economists expected just 1.5 million claims, although some of those forecasts were made before the pandemic started spiking and more states issued shutdown orders. Small and large businesses across the country have shuttered and Americans have been ordered to stay home, bringing economic activity to a halt in many places. The frightening surge in unemployment numbers may even understate the catastrophe as many states have reported websites crashing amid a rush by fired workers to file. Jobless claims are considered the quickest window into immediate economic conditions.

Read the rest of the story HERE:

At www.nydailynews.com

 

Must Read 1   Well Said 1   News 1  
Rate It | View Ratings

Sheila Samples Social Media Pages: Facebook page url on login Profile not filled in       Twitter page url on login Profile not filled in       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Sheila Samples is an Oklahoma writer and a former civilian US Army Public Information Officer. She is a Managing Editor for OpEd News, and a regular contributor for a variety of Internet sites.

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

Comments Image Post Quicklink Comment and Rate This Quicklink

These discussions are not moderated. We rely on users to police themselves, and flag inappropriate comments and behavior. In accordance with our Guidelines and Policies, we reserve the right to remove any post at any time for any reason, and will restrict access of registered users who repeatedly violate our terms.

  • OpEdNews welcomes lively, CIVIL discourse. Personal attacks and/or hate speech are not tolerated and may result in banning.
  • Comments should relate to the content above. Irrelevant, off-topic comments are a distraction, and will be removed.
  • By submitting this comment, you agree to all OpEdNews rules, guidelines and policies.
          

Comment Here:   


You can enter 2000 characters. To remove limit, please click here.

Please login or register. Afterwards, your comment will be published.
 

Username
Password

Forgot your password? Click here and we will send an email to the address you used when you registered.
First Name
Last Name

I am at least 16 years of age
(make sure username & password are filled in. Note that username must be an email address.)

No comments  Post Comment

 
Want to post your own comment on this Quicklink? Post Comment