The jaw-dropping figure eclipses the previous weekly jobless claim record of 695,000 in October 1982.
Initial U.S. unemployment insurance claims rose last week to over 3.2 million, an increase of over 3 million from the previous week. But that staggering leap in joblessness likely understates the full damage the coronavirus outbreak has inflicted on the US labor market, according to multiple economists.
The report affirmed economists' fears that the coronavirus outbreak and ensuing social distancing measures to contain it have forced businesses to let workers go at a record clip. That was up from 2,229 reported in the state the week before.
In February, the Labor Department reported that unemployment had reached a 50-year low of 3.5 percent.
The question now is just how many people have been hit, with more job losses expected in the days and weeks to come.
Wash your hands after stroking your pets, French experts warn
Dogs can help you keep a routine and stay active, which is important to your mental and physical health during these trying times. Hanie Elfenbein , a veterinarian based in Chattanooga, Tennessee and a veterinary journalist for GreatPetCare.com.
BC announces 145 new COVID-19 cases, total is now 617
The moratorium on rent increases, which will include any hikes planned for April 1, is in place for four months. Whether you are a small landlord or a big landlord, you have a mortgage and you've got expenses to cover.