Coronavirus crisis wipes out all job gains since the Great Recession

unemployment.
(Image credit: Joe Raedle/Getty Images)

The number of Americans who have filed initial unemployment claims amid the coronavirus crisis has now surpassed 26 million, according to new data released Thursday.

The Labor Department on Thursday reported that 4.4 million more Americans filed initial applications for jobless benefits last week, which brings the total jobless claims to more than 26 million over the past five weeks, The New York Times reports.

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Last week's jobless report had showed another 5.2 million Americans filed jobless claims. Economists say the unemployment rate for April could reach 20 percent, The Associated Press reports.

"The U.S. economy is hemorrhaging jobs at a pace and scale never before recorded," Scott Anderson, chief economist at Bank of the West in San Francisco, told Reuters. "It compares to a natural disaster on a national scale."

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Brendan Morrow

Brendan worked as a culture writer at The Week from 2018 to 2023, covering the entertainment industry, including film reviews, television recaps, awards season, the box office, major movie franchises and Hollywood gossip. He has written about film and television for outlets including Bloody Disgusting, Showbiz Cheat Sheet, Heavy and The Celebrity Cafe.