3.2 Million More Americans File for Unemployment Amid COVID-19 Closures

3.2 million more Americans have filed claims for unemployment benefits amid widespread COVID-19 closures, per the latest Department of Labor update Thursday.

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3.2 million more Americans have filed claims for unemployment benefits amid widespread COVID-19 closures, per the latest Department of Labor update Thursday.

The 3.2 million additional claims for last week brings the total to an estimated 33.5 million since the COVID-19 era truly began. Put another way, that's roughly the equivalent of one in five Americans who had previously been employed as of February of this year. Back in March, claims hit a peak of nearly 6.9 million.

Unemployment Insurance Weekly Claims

Initial claims were 3,169,000 for the week ending 5/2 (-677,000).

Insured unemployment was 22,647,000 for the week ending 4/25 (+4,636,000).https://t.co/ys7Eg5LKAW

— U.S. Department of Labor (@USDOL) May 7, 2020

Areas that saw regional rises in claims for the latest weekly update on unemployment stats include Connecticut, Maine, Maryland, New Jersey, New Mexico, Oklahoma, and Puerto Rico.

And as made clear by the Associated Press and others, these numbers— already dire enough as is — don’t show the full picture. Many around the country, for example, have had their hours significantly cut, while others have been forced to endure to slices to their wages.

Historical perspective: this is close to estimates of peak unemployment during the Great Depression, and worse than unemployment for most of the 1930s 2/ pic.twitter.com/TsQOK6YieN

— Paul Krugman (@paulkrugman) May 7, 2020

Meanwhile, multiple states have started moving toward a so-called "reopening." On Thursday, it was reported that the Trump administration had shelved the CDC's reopening advice document titled Guidance for Implementing the Opening Up America Again Framework, which outlined what the agency believes is the best path forward.

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