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Crime Unemployment claims skyrocket in Kentucky as national jobless filings crush record

17:41  26 march  2020
17:41  26 march  2020 Source:   courier-journal.com

Layoffs intensify, leading to soaring unemployment claims as coronavirus closures continue

  Layoffs intensify, leading to soaring unemployment claims as coronavirus closures continue States nationwide are seeing applications for unemployment benefits mount by tens of thousands.Just a week ago, hundreds of people had been laid off, but those numbers are skyrocketing. As Trump administration leaders, industry officials and economists project dire warnings of millions of jobs vanishing this year, an increasingly grim picture of the U.S. labor market is emerging for the months to come.

Jobless claims rose to a record 3.28 million ending the week of March 21st as the impact of the coronavirus escalates. Yahoo Finance’s On The Move panel breaks down the latest.

New unemployment claims surged to a record high last week, topping 3 million. But that staggering leap in joblessness likely understates the full damage the coronavirus outbreak But as the pandemic escalates, the government’s ability to accurately tally these jobless claims has also been impacted.

A record 3 million Americans filed for unemployment last week and that included nearly 50,000 Kentuckians, according to the latest labor department data.

Keith Reeves Sr. walked out of the Kentucky Career Center at 600 Cedar St. Wednesday, March 18, 2020. The office was shut down, but he received information on how to apply for unemployment benefits online. © Jeff Faughender/The Courier Journal Keith Reeves Sr. walked out of the Kentucky Career Center at 600 Cedar St. Wednesday, March 18, 2020. The office was shut down, but he received information on how to apply for unemployment benefits online.

That blows past the previous weekly record of 695,000 set in October 1982, The Wall Street Journal reported.

The number of Kentuckians who filed for unemployment last week jumped to 48,847, from 2,785 the week before, according to the labor department's non-seasonally adjusted figures.

Labor Department asked states to delay releasing increased unemployment numbers: report

  Labor Department asked states to delay releasing increased unemployment numbers: report The Trump administration asked state labor officials to delay releasing exact numbers for increased unemployment claims, according to a report in The New York Times."States should not provide numeric values to the public," Gay Gilbert, the administrator of Labor Department's Office of Employment Insurance, wrote in a memo Wednesday that was reviewed by the news outlet.Some states have started to report the number of unemployment claims they've"States should not provide numeric values to the public," Gay Gilbert, the administrator of Labor Department's Office of Employment Insurance, wrote in a memo Wednesday that was reviewed by the news outlet.

Filings for unemployment aid generally reflect the pace of layoffs. So the latest figures suggest that roughly x% of America's workforce was laid off just through the week that ended March 21. As job losses mount, some economists say the nation 's unemployment rate could approach 13% by May.

The weekly jobless claims report from the Labor Department on Thursday is set to offer the clearest evidence yet of the coronavirus' devastating impact on the California Governor Gavin Newsom said earlier this week that new filings for jobless benefits there were running at an average of 106,000 a

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Related: Unemployed workers around Louisville eager for $1,200 bailout checks

That nearly 18-fold increase is better than some states like Indiana, which saw a 24-fold increase. The country as a whole saw a nearly 12-fold increase in weekly claims.

This story will be updated.

Reach reporter Alfred Miller at amiller@gannett.com or 502-582-7142. Follow him on Twitter @AlfredFMiller. Support strong local journalism by subscribing today: courier-journal.com/subscribe.

More: Coronavirus map: How many cases are in Kentucky? Where are they?

LIVE UPDATES: Kentucky see 198 coronavirus cases, unemployment eligibility expanded

This article originally appeared on Louisville Courier Journal: Unemployment claims skyrocket in Kentucky as national jobless filings crush record

Indiana coronavirus updates: Cases eclipse 3,000 as 146,000 Hoosiers file for unemployment .
Get the latest news and updates on the novel coronavirus outbreak for Indiana on Thursday, April 2, 2020.As of Thursday morning, Indiana had seen a total of 3,039 coronavirus cases.

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