Pennsylvania Trust

Jobless Claims Continue to Soar

Jobless Claims Continue to Soar

Earlier today, the Department of Labor confirmed that between March 14th ad March 28th, almost 10 million people filed for unemployment benefits representing more than 6% of the entire U.S. labor force. The monthly jobs report tomorrow is unlikely to show the full extent of these layoffs as the reference period will only capture the beginning of the COVID-19-related shutdown.


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