Filings For Unemployment Benefits Rise As Coronavirus Hits Job Market

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Claims for unemployment benefits climbed to 281,000 last week — an increase of 70,000 from the prior week — as the coronavirus pandemic shutters businesses and leaves people out of work.

Colorado and other states have seen a spike in filings this week. On March 9, about 400 people filed new claims in Colorado, but at 10 a.m. Tuesday, nearly 7,000 people were trying to enter their claims in the system, said Joe Barela, executive director of the Colorado Department of Labor and Employment.

Barela says that two weeks ago, it took 10 minutes for callers to get through to the employment office. Now it takes at least an hour.In Ohio, 78,000 people filed for unemployment during the first three days of this week alone, compared to 6,500 in all of last week. In several states, including New York, Oregon and New Jersey so many people applied for unemployment that computers went down.

"We saw a record number of unemployment insurance applications, so many in fact that the state system crashed," New Jersey Gov. Phil Murphy said.

 

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IMPOTUS is at fault for his dragging his feet in responding to the seriousness of the Covid19!

After the market tests the 2008 lows, there should be a bounce? But will it take another 3 years for claw back to the top?

TrumpDump numbers continue to roll in...

This it's Trump's legacy.

Plea to our politicians Savemainstreetnotwallstreet

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