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U.S. Jobless Claims Hit 3.3 Million, Quadruple Previous Record

Video Credit: Cheddar Inc. - Duration: 01:26s - Published < > Embed
U.S. Jobless Claims Hit 3.3 Million, Quadruple Previous Record

U.S. Jobless Claims Hit 3.3 Million, Quadruple Previous Record

Nearly 3.3 million Americans applied for unemployment benefits last week โ€” more than quadruple the previous record set in 1982 โ€” amid a widespread economic shutdown caused by the coronavirus.

The surge in weekly applications was a stunning reflection of the damage the viral outbreak is doing to the economy.

Filings for unemployment aid generally reflect the pace of layoffs.

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