April 30, 2020
The economic impact from the coronavirus continues to negatively impact employment.
New weekly statistics from the Labor Department reveal more than 3.8 million people filed for unemployment claims for the seven-day period ended April 25. That was down more than 600,000 claims filed during the previous week ended April 18.
Since the coronavirus pandemic began impacting the economy, more than 30 million people have filed for unemployment benefits.
The government added 15,000 claims to the previous-week period to 4.44 million. Over the past four weeks, an average of 5 million people weekly have filed for benefits. The seasonally adjusted insured unemployment rate was 12.4% through April 18.
The job losses underscore the nation’s economy, which declined 4.8% in the first quarter — the biggest drop since the Great Recession in 2008.