Number of weekly jobless claims surge in Iowa, surpass 40,000

Qatar Airways CEO Akbar al Baker poses in front of the first Airbus A350 for Qatar Airways during the hand over ceremony in Toulouse southwestern France

New unemployment claims surged to a record high last week, topping 3 million.

New U.S. unemployment numbers are through the roof.

Statewide, the number of new claims for unemployment jumped from 14,154 new claims the second week of March way up to 133,464 new claims during the third week. "Nearly every state providing comments cited the COVID-19 virus impacts".

In Missouri, 40,508 people filed initial unemployment claims during the week that ended March 21, according to data from the U.S. Department of Labor. But as the pandemic escalates, the government's ability to accurately tally these jobless claims has also been impacted.

Ironically, OED has had to hire new employees over the past two weeks to deal with the overwhelming number of claims, as well as shifting workers to different program areas. "In 5 days, the DUA received around twice as many new unemployment claims as were filed during the entire worst month of the Great Recession", the Massachusetts Executive Office of Labor said in a tweet.

It's bad: Based on state data, Morgan Stanley thinks the USA government could announce Thursday that 3.4 million people filed for their first week of unemployment benefits last week.

"This data shows the enormity of the situation unfolding in our state", says Suzi LeVine, Employment Security Department Commissioner, in a news release.



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