US Weekly Jobless Claims Jump by 6.6.
Million The total jobless claims has reached more than 16 million Americans.
This equates to ten percent of the workforce who have lost their jobs in the last three weeks.
In response to the crisis, the Federal Reserve announced that it will infuse a further $2.3 billion into the government and businesses.
The stock market reacted favorably to the announcement.
Due to the $2.2 trillion CARES Act, more people are now eligible to file for unemployment.
Independent contractors and the self-employed can now file unemployment claims. The states that experienced the largest increase in claims were California, New York and Michigan.
