April 9, 2020
Another 6.6 million Americans filed for unemployment benefits for the week ended April 4, according to new statistics from the Department of Labor. The tally is actually 261,000 less than the number of people who filed in the previous week.
This marks the highest level of seasonally adjusted insured unemployment in the history of the seasonally adjusted series. The previous high was 6,635,000 in May of 2009 following the Great Recession.
The newest tally brings to nearly 17 million who have filed for unemployment over the past three weeks due to economic fallout from the spread of the coronavirus.
Economists say the country’s unemployment rate is the highest since the Great Depression in 1929.