Since the pandemic, "Employment in the garden state has been reduced to a number not seen since 1992", Asaro-Angelo said during Gov. Phil Murphy's daily coronavirus briefing Thursday.
Nationwide, more than 2.4 million people applied for unemployment benefits last week, bringing the running total to a staggering 38.6 million since business closures started in mid-March.
"The states may be opening back up, but the labor market is still closed for millions across America and the loss of the income and spending of those without jobs will be a considerable headwind for this economic recovery", said Chris Rupkey, chief economist at MUFG in NY.
If an applicant is in the middle of receiving normal unemployment relief, then they will not receive relief under a PEUC claim.
The Georgia Department of Labor announced an April preliminary unemployment rate of 11.9%.
Almost half a million Coloradans filed initial unemployment claims over the past nine weeks, though regular initial claims fillings dropped last week in the state for the fifth week in a row as the full state moved to the safer-at-home phase and many businesses statewide reopened. The number of filed claims and the number of people who filed claims are separate data, because individuals may have multiple claims counted in the raw claims numbers depending on their circumstances or eligibility for certain programs.
The number of regular initial claims fell again week-over-week - down from 22,483 for the week ending May 9.
The state paid out $88.8 million in regular unemployment benefits last week - a $7.2 million drop from the week before, when the state paid out a record $96 million. That's down from about 45,000 claims in the previous week. Economists are monitoring the number of Americans already on benefit rolls to gauge the breadth of the recovery in the labor market as states begin to reopen their economies. Yet, total continuing claims jumped an adjusted 2.5 million to a record 25.1 million.
The enormous influx of claims has overwhelmed state unemployment offices.
The Florida Department of Economic Opportunity has received more than 2 million claims seeking unemployment benefits from Floridians, though only 1.6 million claims have been verified.
The government reported that 6.1 million people had their applications for the PUA program processed in the week ending May 2. "But I think what's not being factored in is the impact on Main Street".