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World

Jobless Claims Continue to Rise

Martin Burns

April 9, 2020

World

Jobless Claims Continue to Rise

Martin Burns

April 9, 2020

Photo by The New York Public Library on Unsplash

Jobless rolls continue to rise due to the coronavirus, with 6.6 million Americans filing first-time unemployment claims last week, the Labor Department reported Thursday. That brings the total first-time jobless claims over the past three weeks to 16 million - over 10% of the total employed workforce prior to this period.

On the positive side, this week's number of new filings is a bit lower than last week. So there's that.

Part of the continues rise may be due to a provision in the $2.2 trillion federal coronavirus relief bill enacted last month -people who can file claims now include the self-employed and independent contractors.

Source: US DOL | Macrotrends
Jobless claims hit new highs this week.
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