30 million have filed jobless claims

This week's jobless claims came out at 3.8 million (compares to a consensus expectation of 3.5 mm). This takes the 6-week cumulative total to some 30 mm -- a truly historic and astounding shock to the labor force with real pain and suffering behind the numbers (and socio-economic effects ahead). #economy #jobs #employment #wages #unemployment

Another 3.8 million people filed for unemployment last week. In just 6 weeks, more than 30 million Americans are out of work as the coronavirus crisis roils the economy. Absolutely staggering.

The latest U.S. unemployment numbers are in: - 3.8 million filed last week, down from 4.4 million last week - Those filings lift the number of people who sought unemployment benefits in the past six weeks to 30 million - That's roughly 18.6% of the working-age population More at Reuters:

3.8 million people filed unemployment claims last week, reports Charisse Jones. By mid-April, more claims had been filed in four weeks than jobs created following the 2008 economic downturn. #unemployment #economy #coronavirus

Imputed unemployment rate just crossed 20% with the recently announced news of 3.8 million unemployment filings for last week, 10% higher than analysts' consensus. WSJ reporting this may be underreporting: "About 600,000 people tried to apply for benefits in the week ended April 23 but were unable to file due to long waits or other reasons." #covid19 #economy #recession #unemployment

More than 30 million Americans have filed #unemployment claims since the new #coronavirus began shaking the economy of the U.S. in mid-March. We passed the 30-million threshold due to the 3.84 million claims reported today by the U.S. Department of Labor. The report also says that the “insured unemployment rate,” which is the proportion of the labor force receiving jobless benefits, reached 12.4% — the highest on record. You can see the report here: https://lnkd.in/eGNDweE I wrote about what you should do after a layoff not too long ago in #GetHired. You can read that edition below.