1. Jobless claims hit record 3.3 million as coronavirus clobbers labor market

    Jobless claims hit record 3.3 million as coronavirus clobbers labor market

    Nearly 3.3 million people filed a claim for jobless aid in the week ending March 21, a nearly fivefold increase over the previous weekly record back in 1982. By way of comparison, in the worst single week after the financial crash of 2008, jobless claims stood at 665,000.

    'This represents the single worst one-day piece of labor market news in America's history,' Andrew Stettner, senior fellow at the Century Foundation, said in an email.

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