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1.1 Million File Jobless Claims, Labor Market Remains Unstable Amid Pandemic
An additional 3.8 million Americans filed jobless claims in the past week, the Department of Labor reported on Tuesday, amid continuing economic fallout from the coronavirus pandemic. Total U.S. unemployment since the start of the pandemic has soared to 30 million, or 18 percent of the workforce. States are currently formulating plans to reopen businesses …
An additional 3.8 million Americans filed jobless claims in the past week, the Department of Labor reported on Tuesday, amid continuing economic fallout from the coronavirus pandemic.
Total U.S. unemployment since the start of the pandemic has soared to 30 million, or 18 percent of the workforce.
States are currently formulating plans to reopen businesses initially shuttered to enforce social distancing measures, but states hit the hardest by coronavirus outbreaks, with New York at the top of the list, will likely keep certain businesses closed at least until mid-May.
