US unemployment claims have surged to 3.28million – four times the previous record – as a result of the
Three million people have filed claims in the last week, according to a release from the Department of Labor on Thursday morning.
‘In the week ending March 21, the advance figure for seasonally adjusted initial claims was 3,283,000, an increase of 3,001,000 from the previous week’s revised level,’ the report read.
The previous high was 695,000 in October 1982.
Millions have lost work as a result of the coronavirus pandemic
People wait in line at an unemployment center in Las Vegas on March 17
Millions of people have been put out of work by the virus which has now killed more than 1,000 people in America and 20,000 around the world since November.
Despite efforts by the government to alleviate the economic burden, businesses have already folded.
On Wednesday night, congress signed a stimulus plan which includes higher unemployment benefits for workers.
How much they will receive is dependent on what they were making when they were put out of work but the plan guarantees the new rates for four months.
Separately, almost all workers earning up to $95,000 are being given a check for $1,200.
President Trump has touted a stimulus package that will boost unemployment benefits and give Americans free cash