WASHINGTON (AP) -- 10% of the U.S. labor force is now out of work since the coronavirus slammed the economy as 6.6 million people filed for jobless aid.
The U.S. Department of Labor released new figures Thursday morning showing 6.6 million people put in unemployment claims.
Unemployment Insurance Weekly Claims— US Labor Department (@USDOL) April 9, 2020
Initial claims were 6,606,000 for the week ending 4/4 (-261,000).
Insured unemployment was 7,455,000 for the week ending 3/28 (+4,396,000).https://t.co/ys7Eg5LKAW
The Department of Labor's report stated, "In the week ending April 4, the advance figure for seasonally adjusted initial claims was 6,606,000, a decrease of 261,000 from the previous week's revised level. The previous week's level was revised up by 219,000 from 6,648,000 to 6,867,000. The 4-week moving average was 4,265,500, an increase of 1,598,750 from the previous week's revised average. The previous week's average was revised up by 54,750 from 2,612,000 to 2,666,750."