• Instant View: U.S. jobless claims balloon to record on coronavirus impact

    14 days ago - By Reuters

    The number of Americans filing claims for unemployment benefits shot to record of more than 3 million last week as strict measures to contain the coronavirus pandemic ground the country to a sudden halt, unleashing a wave of layoffs that likely brought an end to the longest employment boom in U.S. history.[]
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  • US weekly unemployment claims surpass record-breaking 3 MILLION

    US weekly unemployment claims surpass record-breaking 3 MILLION

    14 days ago - By RT

    The US Labor Department reported on Friday a record number of jobless claims which surged to 3.28 million. The number shatters the Great Recession peak of 665,000 in March 2009 and the all-time mark of 695,000 in October 1982.
    The surge in unemployment comes amid a global economic slowdown caused by the coronavirus pandemic, as businesses across the US are on lockdown in an effort to contain the outbreak.
    March will go down as one of the most bizarre months in history: socially and economically. US initial jobless claims rose 3.3 million last week, almost five times as much as the previous...
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  • Dow climbs 500 points as coronavirus stimulus bill offsets dismal jobless claims report

    Dow climbs 500 points as coronavirus stimulus bill offsets dismal jobless claims report

    14 days ago - By Business Insider

    US stocks pared losses early Thursday as investors shrugged off a huge number of weekly jobless claims spurred by coronavirus-induced layoffs.
    Investor optimism continued to gain build around the $2 trillion coronavirus stimulus package passed by the Senate late Wednesday.
    The bill includes unemployment benefit expansions, help for businesses, and payments for Americans to help bolster the US economy amid fallout due to the coronavirus.
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  • Unemployment claims soared to 3.3 million last week, most in history

    14 days ago - By Stl Today

    A record number of Americans filed for their first week of unemployment benefits last week, as businesses shut down to slow the spread of the coronavirus.
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  • Futures pare losses after weekly unemployment report

    14 days ago - By Reuters

    U.S. stock index futures pared losses sharply on Thursday despite the Labor Department's data showing weekly unemployment claims soared to 3.3 million last week from 282,000 a week earlier.
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  • U.S. weekly jobless claims surge to record 3.28 million

    14 days ago - By Reuters

    The number of Americans filing claims for unemployment benefits surged to a record of more than 3 million last week as strict measures to contain the coronavirus pandemic ground the country to a sudden halt, unleashing a wave of layoffs that likely brought an end to the longest employment boom in U.S. history.
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  • A record 3.3 million Americans filed for unemployment benefits as the coronavirus slams economy

    14 days ago - By Washington Post

    Last week was likely the beginning of a massive spike in unemployment that could result in over 40 million Americans losing their jobs by April.
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  • Alert: US unemployment claims soar to 3.3 million - quadrupling record from 1982 - as layoffs from coronavirus engulf economy

    14 days ago - By Chron

    WASHINGTON - US unemployment claims soar to 3.3 million - quadrupling record from 1982 - as layoffs from coronavirus engulf economy.
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  • US jobless claims hit 3.3 million, quadruple previous record

    14 days ago - By Chron

    WASHINGTON - Nearly 3.3 million Americans applied for unemployment benefits last week - more than quadruple the previous record set in 1982 - amid a widespread economic shutdown caused by the coronavirus.
    The surge in weekly applications was a stunning reflection of the damage the viral outbreak is doing to the economy. Filings for unemployment aid generally reflect the pace of layoffs.
    The pace of layoffs is sure to accelerate as the U.S. economy sinks into a recession. Revenue has collapsed at restaurants, hotels, movie theaters, gyms, and airlines. Auto sales are plummeting, and car...
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  • Jobless claims soar past 3 million to record as coronavirus sends Americans to the unemployment line

    14 days ago - By CNBC

    Claims had been expected to hit a record-breaking 1.5 million for the week, according to economists surveyed by Dow Jones.
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  • US jobless claims 4 times record - 3.28M in a week

    14 days ago - By Review Journal

    U.S. Department of Labor figures released Thursday shattered the old record for the greatest number of new unemployment claims filed in a single week in October 1982.
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  • US jobless claims spike to a record 3.3 million as coronavirus triggers widespread unemployment

    US jobless claims spike to a record 3.3 million as coronavirus triggers widespread unemployment

    14 days ago - By Business Insider

    A record number of people in the US filed claims for unemployment insurance last week amid the coronavirus pandemic.
    US weekly jobless claims for the week ending March 21 were 3,283,000, the Labor Department reported Thursday.
    Economists will be watching future reports to see how bad the situation in the US really is as coronavirus triggers a widespread economic shutdown.
    Visit Business Insider's homepage for more stories .
    The number of people who filed claims for unemployment insurance in the US last week surged to an all-time high as the coronavirus pandemic spurred layoffs across the...
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  • Weekly Unemployment Claims Surge To 3.28 Million As Coronavirus Batters The Economy

    14 days ago - By Forbes

    It's only the beginning of the surge of layoffs caused by the coronavirus.
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  • Stock market live updates: Futures fall, stimulus bill to House, 4 million jobless claims?

    14 days ago - By CNBC

    Investors will be eyeing the jobless claims economic data, set to release at 8:00 a.m. ET.
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  • Futures fall after two-day rally as focus turns to jobless numbers

    14 days ago - By Reuters

    U.S. stock index futures slipped on Thursday after a two-day rally as investors braced for what is expected to be one of the worst U.S. jobless claims reports in history, underlining the wide-ranging economic damage from the coronavirus pandemic.
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  • US braces for SHOCKING unemployment numbers as jobless claims could reach 4 MILLION

    US braces for SHOCKING unemployment numbers as jobless claims could reach 4 MILLION

    14 days ago - By RT

    The number of Americans filing for unemployment benefits is set to climb to historic highs after claims in Canada crushed the previous weekly record as Covid-19 brings businesses to a standstill.
    New unemployment data is expected to reflect how hard the US economy has been hit by the Covid-19 outbreak. The minimum number of initial claims amounts to 250,000, according to a Reuters poll, while economists predict that the number of filings for last week could range from one to four million.
    That would make the number of jobless claims higher than during the 2009 financial crisis or the 1982...
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