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Jobless Claims Soar to Fives Times the Previous Record Amid Coronavirus Shutdown

Jobless Claims Soar to Fives Times the Previous Record Amid Coronavirus Shutdown

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Nearly 3.3 million Americans applied for unemployment benefits last week — almost five times 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 inflicting on the economy. Filings for unemployment aid generally…

 

The post Jobless Claims Soar to Fives Times the Previous Record Amid Coronavirus Shutdown appeared first on The Western Journal.

Source: Jobless Claims Soar to Fives Times the Previous Record Amid Coronavirus Shutdown

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