The Joe Pags Show

The Joe Pags Show

The Joe Pags Show originates from 1200 WOAI in San Antonio and can be heard on affiliate stations around the country and on the iHeartRadio app. Call...Full Bio

 

Record 6.6 Million Americans File For Unemployment

Unemployment Claims Soar As Coronavirus Wreaks Havoc On Economy

The number of Americans seeking unemployment benefits in the wake of the coronavirus outbreak has doubled in just a week.

According to Labor Department figures on Thursday, a record 6.6 million individuals filed for assistance, up from the revised 3.307 million that had been the previous record.

The jump is likely to cause the unemployment rate, currently at a nearly 50-year low of 3.5%, to soar when released on Friday, with some estimates reaching as high as 15%.

Making matters worse, this may not even be the complete picture, as many states' employment websites are overwhelmed and can't process all the claims.

Photo: Getty Images


Sponsored Content

Sponsored Content

News Radio 1200 WOAI Podcasts

See All