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U.S. Jobless Claims Hit 3.3 Million, Quadruple Previous Record

Video credit: Cheddar Inc.
Published on March 26, 2020 - Duration: 01:26s

U.S. Jobless Claims Hit 3.3 Million, Quadruple Previous Record

Nearly 3.3 million Americans applied for unemployment benefits last week — more than quadruple the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus.

The surge in weekly applications was a stunning reflection of the damage the viral outbreak is doing to the economy.

Filings for unemployment aid generally reflect the pace of layoffs.

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