Unemployment soars with 4,428 claims filed from Whatcom County residents last week

The package will provide $100 billion of desperately needed resources for hospitals

But that staggering leap in joblessness likely understates the full damage the coronavirus outbreak has inflicted on the USA labor market, according to multiple economists.

MA contributed to a national increase in the seasonally adjusted number of unemployment claims of 1,052.9% over the previous week.

And the level was astronomical compared to the prior week's 282,000 claims, and the 190,023 initial claims filed during the comparable week in 2019.

The previous record was set in 1982, when unemployment claims hit 695,000.

Unemployment claims in MA have skyrocketed over the course of the last week due to the coronavirus outbreak that has forced businesses to close their doors, leaving hundreds of thousands of people without work.

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The Labor Department said Thursday that almost 3.3 million people filed for first-time unemployment claims in the week ending last Saturday.

Layoffs are sure to accelerate as the US economy sinks into what most economists expect to be deep and painful recession. New claims for retail was up 1,189%.

Statewide, the number of new claims for unemployment jumped from 14,154 new claims the second week of March way up to 133,464 new claims during the third week.

"This data shows the enormity of the situation unfolding in our state", said Employment Security Department Commissioner Suzi LeVine in a news release accompanying the data.

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