Unemployment claims soared to 3.3 million last week, most in history

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Unemployment claims soared to 3.3 million last week, most in history
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The US posts 3.3 million initial unemployment insurance claims as coronavirus forces a record number of Americans to seek help

New York A record number of Americans filed for their first week of unemployment benefits last week, as businesses shut down to slow the spread of the coronavirus.

Initial jobless claims soared to a seasonally adjusted 3.28 million in the week ended March 21, according to the Department of Labor. That is the highest number of initial jobless claims in history, since the Department of Labor started tracking the data in 1967. The previous high was 695,000 claims filed in the week ending October 2, 1982. Last week's jump marked a massive increase from a revised 282,000 claims in the prior week.

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