More than 33 million Americans have filed unemployment claims in 7 weeks
About 3.2 million more Americans filed initial unemployment claims last week, bringing the total across seven weeks to more than 33 million.
The Labor Department said on Thursday that the number of seasonally adjusted initial unemployment claims filed last week was 3.17 million, a decline of 677,000 from the week before, but still higher than the 3.05 million claims economists were expecting, per CNBC.
Adding these numbers up, about 33.5 million Americans have filed unemployment claims since the middle of March as businesses closed their doors and laid off workers during the coronavirus pandemic. This is equivalent to roughly 21 percent of the labor force in March, CNN reports.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
This comes ahead of what's expected to be a dire April jobs report to be released on Friday, which The Associated Press reports economists say will likely show the unemployment rate is 16 percent as 21 million jobs were lost, although The New York Times notes that the unemployment figure provided "will almost certainly understate the damage." The unemployment rate climbed to 4.4 percent in March, officially ending a nearly 10-year streak of job gains.
Create an account with the same email registered to your subscription to unlock access.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
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.
-
Ukraine using covert US long-range missiles
Speed Read The weapons are part of a $1 billion Ukraine aid package
By Justin Klawans, The Week US Published
-
Arizona grand jury indicts 18 in Trump fake elector plot
Speed Read The state charged Mark Meadows, Rudy Giuliani and other Trump allies in 2020 election interference case
By Peter Weber, The Week US Published
-
Antony Gormley's Time Horizon – a 'judgmental army' of 100 cast-iron men
The Week Recommends Sculptures are 'everymen questioning the privilege of their surroundings' at the Norfolk stately home
By Adrienne Wyper, The Week UK Published
-
Empty-nest boomers aren't selling their big homes
Speed Read Most Americans 60 and older do not intend to move, according to a recent survey
By Peter Weber, The Week US Published
-
Brazil accuses Musk of 'disinformation campaign'
Speed Read A Brazilian Supreme Court judge has opened an inquiry into Elon Musk and X
By Rafi Schwartz, The Week US Published
-
Disney board fends off Peltz infiltration bid
Speed Read Disney CEO Bob Iger has defeated activist investor Nelson Peltz in a contentious proxy battle
By Rafi Schwartz, The Week US Published
-
Disney and DeSantis reach detente
Speed Read The Florida governor and Disney settle a yearslong litigation over control of the tourism district
By Peter Weber, The Week US Published
-
Visa and Mastercard agree to lower swipe fees
Speed Read The companies will cap the fees they charge businesses when customers use their credit cards
By Peter Weber, The Week US Published
-
Reddit IPO values social media site at $6.4 billion
Speed Read The company makes its public debut on the New York Stock Exchange
By Peter Weber, The Week US Published
-
Housing costs: the root of US economic malaise?
speed read Many voters are troubled by the housing affordability crisis
By Peter Weber, The Week US Published
-
Feds cap credit card late fees at $8
speed read The Consumer Financial Protection Bureau finalized a rule to save households an estimated $10 billion a year
By Peter Weber, The Week US Published