U.S. News

U.S. Jobless Claims Double to a New Record: 6.65M Americans

STAGGERING

The number was beyond analysts’ estimates, as new Americans out of work from coronavirus pandemic join 3.3M who filed a week before.

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REUTERS

Initial U.S. unemployment claims successfully filed last week hit a staggering 6.648 million—a record amount and double the number registered just a week ago, according to figures released early Thursday by the Department of Labor. Bloomberg News reports the figure far surpassed analysts’ estimates, which had a median of 3.76 million. The department also revised the numbers it reported last Thursday for those newly out of work, to 3.31 million. The new figures may not be a full picture, however: Several states have had their unemployment filing systems crash under the new heavy demands.

Read it at U.S. Department of Labor

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