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Jobless claims soar by 5.25 million to push coronavirus-tied layoffs above 20 million
Thursday, 16 April 2020 20:26 WIB | ECONOMY |Ekonomi ASKlaim pengangguran AS

Some 5.25 million workers who™ve lost their jobs applied for unemployment benefits last week, driving the number of coronavirus-related layoffs above 21 million in just one month as the nation grapples with the worst pandemic in a century.

Initial jobless claims have climbed by 5.25 million, 6.2 million, 6.8 million and 3.3 million in the past four weeks, reflecting an almost unfathomable increase in unemployment that harkens back to the worst economic downturn in U.S. history 90 years ago.

Just a month and a half ago, new jobless claims were in the low 200,000s and stood near a 50-year low. And only about 1.7 million Americans were collecting benefits.

Last week, the states of California, New York, Georgia, Texas and Michigan reported the biggest increases in new claims, according to the Labor Department said.

California, the nation™s largest state, has recorded the most new claims of all in the past month at about 3.2 million.

Altogether, the states reported that 12 million people were receiving benefits through the first week of April, according to delayed government data on continuing claims. They are reported with a one-week lag.

Source: Marketwatch

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