US unemployment claims shatter record as coronavirus hammers economy

• March 26, 2020
• realestatelife
• Announcements, Business & Markets, Real Estate Finance, Your Real Estate Life

The number of Americans filing for unemployment surged to 3.28 million last week, shattering a decades-old record in jobless claims as the coronavirus pandemic forced businesses around the country to shutter their doors.

The number eclipsed the previous record of 695,000 set in 1982 and is well above the levels seen in the midst of the 2008 financial crisis, the Labor Department said in its weekly report. The data dates back to 1967.