Unemployment claims rise to all-time high of 3.28 MILLION
America on its knees: Unemployment soars to 3.3million after three MILLION new claims are filed in just one week – four times the 1982 record – as coronavirus cripples the economy
- Between March 14 and March 21, 3,001,00 people filed initial unemployment claims because of coronavirus
- The numbers will only get worse, with many more states going into lockdown since then
- The previous record for new claims in a single week was in 1982 when there were 695,000
- The Department of Labor said service industries – specifically food and accommodation – were hardest hit
- Congress has signed a $2.2 trillion stimulus package that increases unemployment benefits and promises Americans checks of up to $1,200 if they earn $95,000 or less
- But it remains unclear how long it will take for those checks to be mailed or for unemployment benefits to be processed
- Trump said earlier this week he hoped to reopen the country by Easter – he has since walked that back
- 1,000 people have died in America from the virus and there are now more than 68,000 cases
- Coronavirus symptoms: what are they and should you see a doctor?
US unemployment claims have surged to 3.28million – four times the previous record – as a result of the coronavirus pandemic which is crippling the world’s economy and shattering Trump’s record-breaking lows.
Three million people filed claims between March 14 and March 21, according to a staggering report that was released by the Department of Labor on Thursday morning.
In the week ending March 14, the number of initial claims was 282,000 – meaning 3,001,00 new ones have been filed since then.
The previous high was 695,000 in October 1982.
The report says service industries – specifically food and accommodation – are the hardest hit but that claims are also coming from the healthcare industry and from people who work in manufacturing, entertainment and arts.
A chart released by the Department of Labor on Thursday morning shows how unemployment claims spiked by three million between March 14 and March 21
People wait in line at an unemployment center in Las Vegas on March 17. Millions have been forced out of work by the virus
‘During the week ending March 21, the increase in initial claims are due to the impacts of the COVID-19 virus. Nearly every state providing comments cited the COVID-19 virus impacts.
‘States continued to cite services industries broadly, particularly accommodation and food services.
‘Additional industries heavily cited for the increases included the health care and social assistance, arts, entertainment and recreation, transportation and warehousing, and manufacturing industries,’ the report read.
President Trump has touted a stimulus package that will boost unemployment benefits and give Americans free cash
The numbers will only get worse.
Since March 21, states across the country have gone into various forms of lockdown, forcing millions to stop working.
Millions of people have been put out of work by the virus which has now killed more than 1,000 people in America and 20,000 around the world since November.
Despite efforts by the government to alleviate the economic burden, businesses have already folded.
On Wednesday night, congress signed a stimulus plan which includes higher unemployment benefits for workers.
How much they will receive is dependent on what they were making when they were put out of work but the plan guarantees the new rates for four months.
Some out-of-work people can now expect to get more than $1,000-a-week in unemployment benefits.
Separately, almost all workers earning up to $95,000 are being given a check for $1,200. But the checks are not expected to hit people’s mailboxes until May.
Trump promised earlier this week to re-open the economy by Easter. He has since walked back on that deadline and says he will heed the advice of doctors like White House coronavirus expert Anthony Fauci.