Record 26 million Americans filed for jobless benefits over 5 weeks as layoffs wind on

Companies faced with dwindling customers and revenue began laying off and furloughing employees. And economists say claims will keep mounting as the economy continues to sputter, cash-strapped local governments start to cut jobs, and gig workers apply for relief they could not have received in the past.

Morgan Stanley had predicted that a slightly lower number of 3.8 million jobless claims were filed last week, adding that applications"have moved past the peak more visibly now, but the cumulative number is still rising significantly.'' Jobless claims may also continue to swell because the $2.2 trillion federal emergency stimulus package approved in March expanded the number of people who are eligible for unemployment benefits, including those who’ve gone from full-time to part-time work.

"Assuming the lion's share of that increase is the result of COVID-19 means that most of those workers are newly eligible for benefits,'' he wrote."This is just the tip of the iceberg since overall job losses in April could be 10 to 20 times larger than those in March.''

Source: Financial Digest (financialdigest.net)

the lockdown is failing. a global depression will cause far more harm than the pandemic. open up america now. get people back to work.

See how the number of people receiving unemployment benefits has changed in the past year in the 50 states, the Washington, DC, and Puerto Rico:

There use to be a time when more people were willing to risk their lives for the freedom of the nation, now it seems few are even willing to speak up. We're giving up too easy on ourselves and the nation, paralysed by fear. We have to keep moving! End the shut down.

Initial claims ...

I wish I could. I would love to get $600 a week to be at home and not be at risk of being exposed.

My opponent Jim Jordan voted AGAINST decent unemployment benefits/food assistance during this downturn. He ought to look every single one of those 26 million people in the eye and explain why.

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