More Than 5.2 Million Americans File Jobless Claims in One Week - US Labour Department

© REUTERS / Andrew KellyPeople gather at the entrance for the New York State Department of Labor offices, which closed to the public due to the coronavirus disease (COVID-19) outbreak in the Brooklyn borough of New York City, U.S., March 20, 2020
People gather at the entrance for the New York State Department of Labor offices, which closed to the public due to the coronavirus disease (COVID-19) outbreak in the Brooklyn borough of New York City, U.S., March 20, 2020 - Sputnik International
Subscribe
US
India
Global
WASHINGTON (Sputnik) - More than 5.2 million Americans filed unemployment claims in the past week as much of the country's economy remains shuttered due to the coronavirus pandemic, the US Labor Department said in its weekly jobs report on Thursday.

"In the week ending 11 April, the advance figure for seasonally adjusted initial claims was 5,245,000, a decrease of 1,370,000 from the previous week's revised level. The previous week's level was revised up by 9,000 from 6,606,000 to 6,615,000. The 4-week moving average was 5,508,500, an increase of 1,240,750 from the previous week's revised average. The previous week's average was revised up by 2,250 from 4,265,500 to 4,267,750", the Labor Department said.

The latest claims put the advanced seasonally adjusted insured unemployment rate at 8.2 percent for the week ending April 4, or 3.1 percent more than the week before, the report said.

"This marks the highest level of the seasonally adjusted insured unemployment rate in the history of the seasonally adjusted series. The previous high was 7.0 percent in May of 1975", it added.

The highest unemployment rates for the week ending March 28 were recorded in the US states of Rhode Island (11.9 percent), Pennsylvania (9.8 percent) and Washington (9.3 percent), the report said.

A man speaks with a library worker after receiving an unemployment form, as the outbreak of coronavirus disease (COVID-19) continues, in Miami Beach, Florida, U.S., April 8, 2020 - Sputnik International
JPMorgan Forecasts US Unemployment Reaching 20%, 25 Million Jobs Lost
The latest figures bring the total number of individuals in the United States who have lost their jobs in the past month to a record 22 million, a level of job losses not seen since the Great Depression.

The World Health Organisation declared the COVID-19 outbreak a pandemic on 11 March. To date, more than 2 million people have been infected with the coronavirus worldwide, with over 133,000 fatalities, according to the same university.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала