Why the horrific jobless claims report is actually worse

Why the horrific jobless claims report is actually worse”

"This large increase in unemployment claims was not unexpected, and results from the recognition by Americans across the country that we have had to temporarily halt certain activities in order to defeat the coronavirus", Labor Secretary Eugene Scalia said in a statement.

As the Department of Labor put it, "Nearly every state providing comments cited the COVID-19 virus impacts".

The department is doing everything it can to meet the increased need, she continues.

Thursday's claims report also showed the number of people receiving benefits after an initial week of aid increased 101,000 to 1.80 million, the highest since April 2018.

"We would expect numbers from these states and others to climb in coming weeks, particularly with the number of lockdowns increasing across the USA", he added. The illness has caused layoffs in the accommodation, food services and educational service industries, as well as in the transportation and warehousing sector, the state reported to the federal government.

Unemployment claims this week grew more than five-fold from last week, when 9,138 Alabamians filed for benefits.

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Almost 90 percent of all first-time claims with the state last week were made over the internet, according to state figures.

"We estimate that by summer, 14 million workers will lost their jobs due to the coronavirus shock", she said in a tweet.

And for the most recent week, ending March 21, 155,815 workers filed for unemployment, placing New Jersey fourth.

Peach said it's likely many early job losses are concentrated in the leisure and hospitality sector.

"As of January, Maryland's unemployment rate was just 3.3 percent, with only 109,158 Marylanders unemployed", said Anirban Basu, chairman of the Sage Policy Group.

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