Another 2.43 million United States workers were put out of work last week amid the coronavirus pandemic, according to government data Thursday, bringing the total since mid-March to a massive 38.6 million.
Initial Jobless Claims in USA came in at 2.43 million.
The department reported that 51,108 people filed for unemployment benefits.
An additional 2.438 million Americans filed for unemployment benefits in the week ending May 16.
Continuing claims, which lags initial jobless claims data by one week, totaled a record 25.07 million in the week ending May 9 following 22.59 million in the previous week.
Yet the weekly totals remain well above any seen in a single week during the global financial crisis 12 years ago, and more comparable to the Great Depression, as the pandemic forced businesses nationwide to shut down and lay off workers.
Continuing claims under the federal PUA program totaled 6.12 million as of May 2. Following were Georgia (14,420), Washington (8,615), NY (4,309), and South Dakota (1,340).
Jobless claims have reached into the millions on a weekly basis since mid-March, underscoring the depth and breadth of job losses.
While that's a positive development, openings are gradual and far short of need. As the pandemic drags on, the ripple effects will continue to grow, possibly reaching those who - until that point - were still employed. "This number of new claims alone is about equal to the population of the city of Houston, Texas".
In April, the last full month of data, South Dakota had a 10.2 percent unemployment rate with 48,100 people out of work. The rise in unemployment comes despite the reopening of the economy by an increasing number of states across the country. The fix was reflected in Thursday's report.