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Political involvement should be a requirement for citizenship

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3 Million Americans filed for unemployment last week

March 26, 2020 By Egberto Willies

*

Reccord Unemployment Filings

Historic unemployment filings occurred last week. We are in unchartered territory. It is a time that we are going to have to believe in society.

More than 3 million Americans filed for unemployment claims last week

More than 3 million Americans filed for unemployment last week, according to new data released Thursday.

The massive spike in new jobless claims comes as nationwide lockdowns to halt the spread of the coronavirus pandemic have kept Americans from their workplaces, grinding businesses to a halt and forcing many companies to shutter or to lay off staff.

Just 282,000 people filed for unemployment in the previous week, before lockdowns began, according to the Department of Labor.

Thursday’s numbers are just “the tip of the iceberg,” said Diane Swonk, chief economist at Grant Thornton, noting that these figures do not even include data from this week.

“Businesses cannot plan for this kind of sudden stop of cash flow,” she told NBC News. “This isn’t a ‘rainy day fund’ situation.”

California alone is seeing jobless claims of more than 100,000 a day, Gov. Gavin Newson said Wednesday.

“We just passed the 1 million mark, in terms of the number of claims, just since March 13,” Newsom said.

Source: More than 3 million Americans filed for unemployment claims last week

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Filed Under: A Few Takes Tagged With: Unemployment

About Egberto Willies

Egberto Willies is a political activist, author, political blogger, radio show host, business owner, software developer, web designer, and mechanical engineer in Kingwood, TX. He is an ardent Liberal that believes tolerance is essential. His favorite phrase is “political involvement should be a requirement for citizenship”. Willies is currently a contributing editor to DailyKos, OpEdNews, and several other Progressive sites. He was a frequent contributor to HuffPost Live. He won the 2nd CNN iReport Spirit Award and was the Pundit of the Week.

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