Because of the Chinese coronavirus, new jobless claims totaled to 36.5M since mid-March

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New applications for unemployment benefits totaled over 2.9 million last week, the Labor Department reported Thursday.

Economists had projected 2.7 million new jobless claims.

The number of workers seeking aid remains historically high but has dropped considerably from the nearly 7 million claims that were filed the week ending March 28.

Since the economy halted in mid-March to slow the spread of the coronavirus, 36.5 million workers have filed for unemployment benefits, an unprecedented figure since the federal government began tracking unemployment in the 1930s.

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Jobless claims have skyrocketed. This week last year, there were only 217,000 new claims made. Similarly, more than 25 million workers claimed benefits in all programs for the week ending April 25. That figure was 1.6 million for the same week in 2019.

In California, the Labor Department shows, nearly a third of workers, 27.7%, were unemployed for the week ending April 25. In Michigan, nearly a quarter were jobless, 23.1%, for the same week.

The largest job losses last week occurred in Connecticut, where over 298,000 filed for benefits, a figure that is not adjusted for seasonal variations.

Federal Reserve Chairman Jerome Powell on Wednesday warned that the job crisis could cause lasting damage.

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DemocracyRules
DemocracyRules
3 years ago

Breaking: DemocracyRules Says Chinese Ambassador Was Murdered

“Chinese ambassador death due to cardiac arrest – police
Du Wei, 58, was found dead in his bed; He was appointed envoy in February, in the midst of the coronavirus pandemic and was survived by his wife and son who are not in the country”

Did these dumb reporters flunk grade seven science class? Technically ALL human mortality occurs when your heart stops beating. SO it’s a meaningless statement, and it should never be on a death certificate, because all human mortality is caused by ‘cardiac arrest’. Even terrorists who blow themselves up die of ‘cardiac arrest’, because a heart stops working if it’s in a million pieces.
This Ambassador was murdered. Otherwise they would not make up silly lies about cardiac arrest.
We have been there, done that, with the dumb Justice Scalia ‘cardiac arrest’ story, and let’s not do it again.

DemocracyRules
DemocracyRules
3 years ago
Reply to  DemocracyRules

Emergency room Doctor: How did this patient die?
Policeman: Attempted bank robbery, died in a hail of gunfire, as you can see
Doc: But you say he had a history of bank robberies?
Cop: yes, lots
Doc: Oh, OK, so that was a pretty normal day for him, so I’ll just put down, ‘natural causes’.

felix1999
felix1999
3 years ago
Reply to  DemocracyRules

I admit, I don’t normally sleep with a pillow OVER my face.

spfoam1
spfoam1
3 years ago

This article is just a spotlight on unemployment figures as a smear campaign. It ends with a warning from the Federal Reserve Chairman, as if that a-hole cares about US citizens.

felix1999
felix1999
3 years ago
Reply to  spfoam1

The DEMS and Never Trumpers want us to have a DEPRESSION.

spfoam1
spfoam1
3 years ago
Reply to  felix1999

If a depression would get them the power of the WH, that’s what they want.

If they get the power of the WH they’ll move very quickly to make sure that power is never again threatened, by moving very quickly to the war they need and planned.

CARRENO  BARTOX
CARRENO BARTOX
3 years ago

FREEZE AND SEIZE !

CONFISCATE ALL PROPERTIES AND ACCOUNTS CONNECTED WITH THE CCP AND THE CHINESE GOVERNMENT – UNTIL ALL DAMAGES AND LOSSES ARE PAID !

Roma Mikhasev
Roma Mikhasev
3 years ago

MORE REFUGEES!!! MORE!!!!!!!!!!!!!!!!!

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