Thursday, April 16, 2020

Weekly jobless claims hit 5.245 million, raising monthly loss to 22 million due to coronavirus

Protection measures against the coronavirus continued to tear through the employment ranks, with 5.245 million more Americans filing first-time claims for unemployment insurance last week, the Labor Department reported Thursday.

That brings the crisis total to just over 22 million, nearly wiping out all the job gains since the Great Recession.. . . more