Thursday, April 23, 2020

US weekly jobless claims hit 4.4 million, bringing 5-week total to more than 26 million

CNBC
Jobless claim filings continued at a historically unprecedented pace last week with 4.4 million new signups for unemployment insurance, bringing the total of the past five weeks to 26.4 million, the Labor Department said Thursday.

The number represented a decline of 810,000 from the previous week, but the five-week total has now surpassed all of the job gains since the Great Recession. . . . more