30 million people lost their jobs in the last 6 weeks. 3.8 Million people last week alone
PUBLISHED THU, APR 30 2020 - CNBC
By: Jeff Cox
Weekly jobless claims hit 3.84 million last week, higher than economist expectations of 3.5 million.
The total brings the rolling six-week figure to 30.3 million.
First-time filings for unemployment insurance hit 3.84 million last week as the wave of economic pain continues, though the worst appears to be in the past, according to Labor Department figures Thursday.
Economists surveyed by Dow Jones had been looking for 3.5 million.
Jobless claims for the week ended April 25 came in at the lowest level since March 21 but bring the rolling six-week total to 30.3 million as part of the worst employment crisis in U.S. history. Claims hit a record 6.87 million for the week of March 28 and have declined each week since then.