5.2 million more Americans joined the ranks of the jobless, as the coronavirus crisis continues to decimate the economy.
Economists had predicted that this week’s loss would be roughly 5.1 million.
We’re now at well over 22 million Americans who have filed for unemployment over the last 5 weeks.
In just one month, all jobs gained since the 2008 U.S. financial crisis (“Great Recession”) have been wiped out.
Weekly jobless claims, past month, for the week ending:
March 14th: 282,000
March 21st: 3.3 Million
March 28th: 6.9 Million
April 4th: 6.6 Million
April 11th: 5.2 MillionMore than 20 million Americans have been made unemployed by the pandemic.
— Justin Hendrix | wash your hands & stay at home (@justinhendrix) April 16, 2020
BREAKING: Another 5.2 million workers filed for their first week of unemployment benefits last week, according to the US Department of Labor, bringing the total number of Americans who have filed initial jobless claims to around 22 million since March 14.https://t.co/J5j19cwoFU pic.twitter.com/7fPNri8KgV
— New Day (@NewDay) April 16, 2020