The numbers: Nearly 3 million people applied for unemployment compensation last week after losing their jobs in the coronavirus crisis, but a historic wave of layoffs is likely to continue to abate as states take the first halting steps toward reopening their economies.

More than 36 million people have applied for jobless benefits since the pandemic struck two months ago, including self-employed workers and independent contractors made eligible for the very first time under a federal relief program.

Some 33 million have applied under existing state unemployment laws while an additional 3 million have filed claims under the federal government’s Pandemic Unemployment Assistance Program. These figures are unadjusted, reflecting the actual number of claims processed.

... snip ...

Millions of jobs thought to be temporarily at risk might end up permanently destroyed, retarding any economic rebound. And as long as the coronavirus replicates and resists treatment the economy cannot return to its old patterns.

https://www.marketwatch.com/story/us-jobless-claims-climb-another-3-million-as-coronavirus-damage-mounts-2020-05-14

(to another part of DU's economic analysis cadre)

I don't have them on my Outlook calendar.

Good morning, all.

https://www.dol.gov/ui/data.pdf

It's Friday Eve!



It's still breathtaking that we are seeing millions filing per week.

as they expected

Hazard pay is little consolation to families losing loved ones to COVID-19. Business doesn't want to make the choice clear by substituting life insurance balloon payments, as if any insurer would underwrite them.

Good morning to BRDS! When I first came on here, I read your ID fast as BumShowDatRush. Shows what I think of Rush.

and I know there are millions of "invisible" people - those who work in those plants, or provide public transit, or are doing mechanical and administrative maintenance/janitorial/food preparation in facilities that are full of COVID-19 asymptomatic people. It's just sad.

And I do think "BumRushDatShow" is valid!!