4.4 million more Americans apply for unemployment, bringing the total pandemic to more than 40 million

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More than 4 million American workers filed for unemployment benefits last week, the Labor Department announced on Thursday. This brings the total number of people seeking help to more than 43 million, on a seasonally adjusted basis, since the spread of the coronavirus pandemic across the country.

In other words, 1 in 4 American workers applied for unemployment assistance in the past 10 weeks.

“Unemployment claims made during the coronavirus crisis have already exceeded 37 million claims made in the 18 months of the Great Recession,” said Daniel Zhao, senior economist at Glassdoor, in a note. ” [T]he labor market remains in a deep hole from which it will have to exit. “

Some 2.4 million workers applied for regular unemployment insurance during the week ending May 16, down slightly from the previous week. But almost as many – 2.2 million – asked for help through Pandemic Unemployment Assistance, a new federal program for the self-employed and concert workers.



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