U.S. unemployment skyrocket
Topics: U.S. UNEMPLOYMENT
Jobless claims soared to 3.3 million in the week to 21 March from 282,000 a week earlier, according to the US Department of Labor (DoL).
This marks the highest level of seasonally adjusted initial claims in the history of the seasonally adjusted series,” the Department of Labor said.
“During the week ending 21 march, the increase in initial claims are due to the impacts of the Covid-19 virus,” the DoL said.
“Nearly every state providing comments cited the COVID-19 virus impacts. States continued to cite services industries broadly, particularly accommodation and food services.” ■