More than 6.6 million people filed new claims for unemployment benefits last week, the Labor Department said Thursday, setting a grim record for the second straight week.
The latest claims brought the two-week total to nearly 10 million.
The speed and scale of the job losses is without precedent. Until last month, the worst week for unemployment filings was 695,000 in 1982.
“What usually takes months or quarters to happen in a recession is happening in a matter of weeks,” said Michelle Meyer, chief U.S. economist for Bank of America Merrill Lynch.
Many of these people will be called back to work when the worst of this virus passes, probably within a couple of months. Still, these are scary times.
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More about the unemployment claims going through the roof:
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Absolutely not a good choice for Biden:
WATCH: Stacey Abrams says she "would be happy to serve as a running mate" to Joe Biden in a general electionhttps://t.co/WG5JLwWWgq— MSNBC (@MSNBC) April 2, 2020
This woman has NO foreign policy experience or national elected experience. When you are VP, you are not there for on-the-job training should anything happen to the president.
Stacey Abrams is somebody peddled by the "progressives" who haven't got a clue why you cannot have a novice in the job.
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Journalist Chris Cuomo describes his ordeal with the coronavirus.
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In the end, Trump's actions or inactions on the coronavirus are all about his re-election chances.
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The Democratic Convention is being pushed back to August 17--right when the new school year starts, but I will see what happens if I become a delegate.
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Putin on the Ritz: You KNOW there has to be a quid pro quo somewhere in this deal.
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Worldwide total of coronavirus cases is over 1,000,000, with 240,000 of those in the U.S. There are 51,000 deaths worldwide, with 5,800 of those in the U.S.
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