More file for unemployment

More than 40 million Americans have filed for unemployment benefits since the onset of the COVID-19 pandemic. Officials expect the jobless rate to reach 20 percent for the month.

By

National News

May 28, 2020 - 9:50 AM

WASHINGTON (AP) — An estimated 2.1 million Americans applied for unemployment benefits last week despite the gradual reopening of businesses around the country, bringing the running total since the coronavirus shutdowns took hold in mid-March to about 41 million, the government said today.

The figures underscored the continuing damage to businesses and livelihoods from the outbreak that has now killed at least 100,000 people in the U.S.

The U.S. unemployment rate was 14.7% in April, the highest since the Great Depression, and many economists expect it will near 20% in May.

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