Jobless claims hit record levels for the second time in as many weeks as the coronavirus pandemic continued to rattle the economy.
U.S. jobless claims hit record levels for the second week in a row on Thursday as coronavirus pandemic shutdowns continued across the United States.
According to the labor department, the numbers again marked"the highest level of seasonally adjusted claims" registered in history. More than 141,000 initial unemployment insurance filings were reported in Massachusetts while Texas and California reported 139,000 and 128,000 jobless claims respectively. South Dakota experienced the smallest increase in new unemployment claims, with 1,572 filed in the state.3.3 million initial jobless claimsA line of job seekers snakes around the Whitcomb Hotel as they wait to enter the California Job Journal HIREvent February 10, 2009 in San Francisco, California.
"To put it bluntly, the U.S. economy went from full speed to full stop and millions of workers were not wearing seat belts. Across many communities and throughout small businesses the situation is growing more desperate by the day."
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