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Demovictory9

(32,445 posts)
Thu Apr 30, 2020, 08:51 AM Apr 2020

30 million Americans have filed initial unemployment claims since mid-March

https://www.cnn.com/2020/04/30/economy/unemployment-benefits-coronavirus/index.html

After peaking at 6.9 million in the last week of March, claims have fallen each of the last four weeks — an encouraging sign that at least things aren't getting worse.

But overall, joblessness remains a dire problem. Friday marks May 1, and for millions of Americans, rents and mortgage payments will be due. Unemployment benefits are one of the key forms of financial aid that are helping families plug the gap.

As part of a $2 trillion CARES Act package signed last month, Congress expanded unemployment benefits to include an extra $600 per week on top of state benefits, for up to four months. They also expanded the eligibility requirements to include independent contractors, gig workers and self-employed workers.

Not all claims result in paid benefits. Continued jobless claims, representing workers who filed for their second week of benefits or more, stood at nearly 18 million in the week ended April 25, after seasonal adjustments, up from 15.8 million in the prior week.
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