From the Guardian:
NEWSFLASH: More than three million Americans signed on for jobless benefit last week, as the Covid-19 outbreak hit the US economy hard.
The initial jobless claims figure, just out, and shows that 3.283m people filed for unemployment support a week ago. An absolutely huge, historically bad, figure.
That absolutely shatters the previous record of nearly 700,000 back in 1982, and is a clear sign that the US economy is being battered by the coronavirus outbreak.
It’s much worse than most economists expected, and means millions of households across America are feeling severe financial.
This is four-and-a-half times the previous record.
UPDATE: Full Guardian article now posted at www.theguardian.com/…