Another 5 million people filed jobless claims last week, bringing total to almost 22 million in one month [MSNBC.com]
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Source: MSNBC.com
Around 5 million more people filed for first-time unemployment claims last week, as the job market in every sector of the economy continues to be devastated by the coronavirus pandemic.The staggering weekly number comes as President Donald Trumpweighs plans to pull back on the social distancing measuresState-mandated lockdowns have choked vast portions of the once-booming economy, kickinga total of 22 million people out of workAnalyzing federal response as 5 million more people file for unemployment, 22 million totalApril 16, 202004:37Still, even that number may not tell the whole story, as state unemployment offices continue to struggle to process the unprecedented number of people rushing to file claims.“The job losses are historic,” economist Julia Coronado said. “It means that we are going to be in for a double-digit unemployment rate.”Weekly jobless claims have taken on new importance as economists and policymakers try to get their arms around the size of this crisis.“The labor m
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