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Unemployment Claims Expected To Shatter Records

Added 03-26-20 12:07:01am EST - “Millions of Americans are expected to have filed for unemployment benefits for the first time last week ?" a number far above the levels seen during the depths of the Great Recession.” - Npr.org

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Posted By TheNewsCommenter: From Npr.org: “Unemployment Claims Expected To Shatter Records”. Below is an excerpt from the article.

Claims for unemployment benefits are spiking around the country as businesses shut down to stem the spread of the coronavirus. Andrew Kelly/Reuters hide caption

Claims for unemployment benefits are spiking around the country as businesses shut down to stem the spread of the coronavirus.

More than 3 million Americans are expected to have filed for unemployment benefits last week as the coronavirus pandemic shut down much of the country, economic forecasters say.

That number would be well above the levels seen during the darkest days of the Great Recession, and the worst isn't over yet, they say.

The crisis has cut a giant swath through the energy, travel, transportation, hotel and restaurant sectors, with large and small companies suddenly forced to furlough employees.

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