The coronavirus crisis already is testing America’s ingenuity and survival instincts in ways unseen since the Great Depression, a trial by fire that is unlikely to abate soon if the U.S. Department of Labor’s numbers are an indicator of what’s still to come.
The federal government reported 6.6 million people filed new claims for unemployment benefits in the last full week of March, setting a somber record for the second straight week. That brought the two-week total in claims to nearly 10 million. Until last month, the worst week for unemployment filings was 695,000 in 1982. Read more here.