Weekly Unemployment Claims Double to Record 6.6 Million

Weekly Unemployment Claims Double to Record 6.6 Million

In another stunning statistic due to the spread of the coronavirus in the United States, a record 6.6 million Americans filed for unemployment benefits for the week ended March 28, according to new data from the Department of Labor. The figure doubled the previous record of 3.3 million claims filed through March 21.

The Labor department said the tally marked “the highest level of seasonally adjusted initial claims in the history of the seasonally adjusted series.”

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Claims are being filed across all industries, including entertainment, retail, hospitality and service.

The previous week’s level was revised up by 24,000 from 3,283,000 to 3,307,000. The 4-week moving average was 2,612,000, an increase of 1,607,750 from the previous week’s revised average. The previous week’s average was revised up by 6,000 from 998,250 to 1,004,250.

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