Viz Alert 3 - Jobless Claims

[Nirav Shah]

Viz Alert 3 - Jobless Claims 

Series: Department of Labor - weekly unemployment claims

10 million workers file jobless claims in the last two weeks of March as the all-out effort to slow the coronavirus slammed the economy. The 6.65 million jobless claims filed in the week ended March 28 were more than double the previous record of 3.31 million in the prior week, totaling as many claims in two weeks as in the first six months of the Great Recession.

The states recording the biggest increases last week were California (878,727), Pennsylvania (405,880), New York (366,403), Michigan (311,000), Texas (276,000), Ohio (272,000), Florida (227,000) and New Jersey (206,000) based on unadjusted data.

Percent increase in weekly unemployment claims from last week, ending March 28, was even higher than the previous week’s record-breaking total. Only Minnesota, New Hampshire, Nevada, and Rhode Island saw a mild decrease in new claims. 

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