Jobless Claims Mount as Employers and Workers Face Bleak Outlook
Source: NY Times
In an early sign of the coronavirus pandemics devastating impact on American workers, the Labor Department on Thursday reported a 30 percent increase in unemployment claims last week, one of the largest spikes on record.
The surge 281,000 new claims reflects a crushing new reality: Any hopes that businesses could keep their staffs largely intact have quickly evaporated.
Job losses have become so sensitive that the Trump administration is asking state labor officials to delay releasing the precise number of unemployment claims.
In an email sent Wednesday and shared with The New York Times, the Labor Department instructed state officials to do nothing more than provide information using generalities to describe claims levels (very high, large increase) until the department releases the total number of national claims next Thursday.
Read more: https://www.nytimes.com/2020/03/19/business/economy/coronavirus-employers-unemployment.html
Labor Department instructed state officials to do nothing more than provide information using generalities to describe claims levels (very high, large increase)
getagrip_already
(14,837 posts)It's been happening since he took office. Now they just aren't trying to cover it up.
Rebl2
(13,551 posts)cstanleytech
(26,319 posts)releasing the numbers entirely.
keithbvadu2
(36,906 posts)Try to delay anything that does not make Trump look good.
DiverDave
(4,887 posts)Who lives with my kids, lost her job.
Gonna be tough for me to pay all the bills.
I'm a truck driver and the loads are drying up.
It will be tough, but it will end, sometime...
Angleae
(4,493 posts)Expect new unemployment claims in the 10s of millions next week.