The coronavirus outbreak, which has led to over 839,000 confirmed cases and over 46,000 deaths in the US so far, has wreaked havoc on the country's economy. Between March 15 and April 18, more than 26 million Americans filed for unemployment benefits. While the economic dislocation is being felt across the country, some states, including California and Pennsylvania, have been hit harder than others so far. Visit Business Insider's homepage for more stories.
The coronavirus outbreak has led to a shutdown of large swaths of the US economy as cities and states across the country adopt stay-at-home orders, ban social gatherings, and shutter businesses. The economic impact of the outbreak is already being felt in labor markets as the number of Americans filing for unemployment benefits has shattered historical records and strained the resources of state offices. Those record-high numbers coincided with states and cities across the US adopting various social-distancing measures, closing nonessential businesses, and directing Americans to stay at home in most circumstances. While these measures are likely needed to slow the spread of the coronavirus, the sudden pause in much of the country's economic activity has led to mass furloughs and layoffs. Every Thursday, the Labor Department releases the number of Americans who have filed for unemployment benefits in the previous week. Over the past five weeks, those numbers have been dire — a cumulative total of about 26 million Americans filed for benefits over that period. The weekly release includes the state-by-state breakdown of those initial unemployment claims. This map shows the cumulative number of claims for each state over the past five releases, covering the period from March 15 through April 18. We also included the total number as a percent share of the state's March workforce, the most recent figures available, to give a sense of how much the coronavirus has affected large and small states alike. The numbers are striking. Over 3 million Californians have filed for unemployment since the middle of March. In six other states — New York, Texas, Florida, Georgia, Pennsylvania, and Michigan — the five-week cumulative total stands over 1 million: Join the conversation about this story » NOW WATCH: How waste is dealt with on the world's largest cruise ship
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More than 800,000 Americans filed new applications for state unemployment benefits.
Nearly 1.2 million filed for state benefits last week, the lowest total since March, as economic...Nearly 1.2 million filed for state benefits last week, the lowest total since March, as economic readings offer only limited encouragement.
Kudlow says next round of coronavirus relief will include $1,200 checks and extension of eviction moratorium
White House economic advisor Larry Kudlow on Sunday said that the next round of coronavirus relief...White House economic advisor Larry Kudlow on Sunday said that the next round of coronavirus relief will include more checks to Americans and extend the federal eviction moratorium. "There's a $1,200 check coming, that's going to be a part of the new package," Kudlow said during an interview with "State of the Union" on CNN. On Friday, the federal eviction moratorium ended, and this weekend, the extra $600 unemployment benefit ended. Visit Business Insider's homepage for more stories. Larry Kudlow, Trump's top economic advisor, said Sunday that the next round of coronavirus relief will include additional $1,200 checks to Americans as well as an extension of the federal eviction moratorium. "There's a $1,200 check coming, that's going to be a part of the new package," Kudlow said during an interview with "State of the Union" on CNN. The GOP has outlined a number of provisions to be included in the next round of coronavirus relief, such as further aid to American families, small businesses, schools, coronavirus testing and vaccines, unemployment, and states. The bill is set to be rolled out next week. Kudlow also said that the Trump administration plans to extend the federal eviction moratorium, which ended on Friday. As many as 12 million Americans that rent were protected from eviction in the four-month period, the Washington Post reported. "It's a very well rounded package," said Kudlow. "It's a very well targeted package." This weekend, the extra $600 weekly unemployment insurance benefit expired without a replacement or extention. The Labor Department reported Thursday that initial jobless claims for unemployment insurance increased for the first time since March, to 1.4 million Americans. Nearly 32 million Americans are now receiving unemployment benefits, according to the Labor Department. A rough outline of the GOP's initial coronavirus relief package says there will likely be some kind of extension of the benefit, but not at $600 per week. On Thursday, Treasury Secretary Steven Mnuchin said Republicans would look to structure the federal unemployment aid so it amounts to roughly 70% of jobless person's past wages. Join the conversation about this story » NOW WATCH: Inside London during COVID-19 lockdown