20
Apr
2020
Unemployment Today
One of the most jarring aspects of the coronavirus epidemic is the speed and magnitude of job losses. We now have four weeks’ worth of data, and a shocking 22 million people have filed for unemployment benefits. For reference, the previous record for initial jobless claims over a four- week period was 2,697,00 during the 1982 recession. During the 2008 financial crisis, the record was 2,637,000, just shy of the… Read More