US Jobless Claims Hit 3.3 Million, Quadruple Previous Record

WASHINGTON (AP) — A record-high number of people applied for unemployment benefits last week as layoffs engulfed the United States in the face of a near-total economic shutdown caused by the coronavirus.

The surge in weekly applications for benefits far exceeded the previous record set in 1982.

Layoffs are sure to accelerate as the U.S. economy sinks into what most economists expect to be deep and painful recession.

Revenue has collapsed at restaurants, hotels, movie theaters, gyms and airlines.

Auto sales are plummeting, and car makers have close factories.

Most such employers face loan payments and other fixed costs, so they’re forced to cut jobs to save money. 

About Justin Saunders

Justin Saunders has nearly 10 years of experience in radio, television, online and newspaper journalism across the US and Canada. Justin joined the CapeCod.com NewsCenter in May 2014 and continues to help provide coverage of the Cape and Islands.



CapeCod.com
737 West Main Street
Hyannis, MA 02601
Contact Us | Advertise Terms of Use 
Employment and EEO | Privacy