On Thursday, the Department of Labor released its weekly jobs numbers Thursday and announced “the highest level” of jobless claims ever for the United States. Last week, 6.6 million people filed for unemployment benefits, nearly 10 times the previous weekly record of 695,000. With 3.3 million people filing for unemployment the week before, the total has been brought to nearly 10 million in two weeks.
“In the week ending March 28, the advance figure for seasonally adjusted initial claims was 6,648,000, an increase of 3,341,000 from the previous week’s revised level,” the Labor Department reported. “This marks the highest level of seasonally adjusted initial claims in the history of the seasonally adjusted series.”
“The advance number for seasonally adjusted insured unemployment during the week ending March 21 was 3,029,000, an increase of 1,245,000 from the previous week’s revised level,” the Labor Department continued. “This is the highest level for insured unemployment since July 6, 2013 when it was 3,079,000.”
“The COVID-19 virus continues to impact the number of initial claims,” The Labor Department continued. “Nearly every state providing comments cited the COVID-19 virus. States continued to identify increases related to the services industries broadly, again led by accommodation and food services. However, state comments indicated a wider impact across industries. Many states continued to cite the health care and social assistance, and manufacturing industries, while an increasing number of states identified the retail and wholesale trade and construction industries.”