CLOSINGS: View Closings

1 in 5 American workers has filed for unemployment benefits since mid-March

Moody's Analytics chief economist Mark Zandi says that while jobs will come back as businesses start to reopen, the US will never get back to pre-pandemic unemployment rate as long as social distancing measures remain because of Covid-19.

Posted: May 7, 2020 9:51 AM
Updated: May 7, 2020 9:51 AM

No end is in sight for coronavirus-related job losses.

Another 3.2 million Americans filed first-time claims for unemployment benefits last week, after factoring in seasonal adjustments, the Department of Labor reported Thursday.

Without those adjustments — which economists use to account for seasonal hiring fluctuations — the raw number was 2.8 million.

That brings the total number of seasonally-adjusted initial claims filed since mid-March to 33.5 million. Initial claims are considered a proxy for layoffs or furloughs, and that level represents about 21% of the March labor force.

These numbers are staggeringly high; weekly jobless claims were hovering in the 200,000s in the last few years before this crisis.

But last week also marked the fifth week in a row that the number of initial claims fell. It peaked at 6.9 million in the last week of March.

Economists say the downward trend is is a good sign that things aren't getting worse. But still, millions of new claims each week don't help the brutal overall picture of the job market during this pandemic.

Continued jobless claims, representing workers who filed for a second week of benefits or more, rose to 22.6 million.

Not all claims result in paid benefits. That is in part due to filing mistakes and because not everyone who submits a claim is eligible for unemployment benefits.

In response to the crisis, the government broadened the definition of who is covered by benefits to include contractors, the self-employed and workers in the gig economy. The Department of Labor said that as of last week, all 50 states were paying out those extra benefits — but the agency has yet to release detailed breakdowns of how many claims have come in through that program in each state.

Overall, the past seven weeks of record-high claims, dwarfing the Labor Department's historical data, paint a clear picture: America's jobs market is in distress and people are suffering.

On Wednesday, the ADP National Employment Report showed more than 20 million jobs were lost in the United States in April. The Bureau of Labor Statistics' official jobs report is due on Friday, with economists polled by Refinitiv expecting to see 22 million job losses and an unemployment rate of 16%, the worst layoffs on record.

--This is a developing story. It will be updated

Indiana Coronavirus Cases

Data is updated nightly.

Cases: 726600

Reported Deaths: 13379
CountyCasesDeaths
Marion992781737
Lake53359964
Allen40387675
St. Joseph35449550
Hamilton35440408
Elkhart28376439
Tippecanoe22336217
Vanderburgh22271396
Porter18637306
Johnson17876377
Hendricks17154314
Clark12919191
Madison12574339
Vigo12426245
Monroe11845169
LaPorte11773210
Delaware10615185
Howard9859215
Kosciusko9366117
Hancock8239140
Bartholomew8042155
Warrick7766155
Floyd7645177
Grant7019174
Wayne7018199
Boone6669101
Morgan6547139
Dubois6148117
Marshall6000111
Dearborn578577
Cass5780105
Henry5681102
Noble558283
Jackson500472
Shelby489496
Lawrence4492120
Gibson434391
Harrison434271
Clinton426853
DeKalb425284
Montgomery423388
Whitley394439
Huntington387480
Steuben382957
Miami380266
Knox371890
Jasper362747
Putnam358560
Wabash353178
Adams340654
Ripley338970
Jefferson328881
White312854
Daviess295899
Wells290481
Decatur283592
Fayette278662
Greene276685
Posey270933
LaGrange264770
Scott264753
Clay259245
Randolph239781
Washington239532
Spencer231331
Jennings229248
Starke214452
Fountain211946
Sullivan211042
Owen197056
Fulton194640
Jay191830
Carroll188120
Perry182637
Orange182454
Rush172925
Vermillion168343
Franklin167735
Tipton162345
Parke145916
Blackford134532
Pike133034
Pulaski116045
Newton107034
Brown101541
Crawford99114
Benton98414
Martin87815
Warren81415
Switzerland7848
Union70710
Ohio56211
Unassigned0413

Ohio Coronavirus Cases

Data is updated nightly.

Cases: 1080121

Reported Deaths: 19344
CountyCasesDeaths
Franklin1254981392
Cuyahoga1115202107
Hamilton798171200
Montgomery512711012
Summit46997933
Lucas41982782
Butler38273580
Stark32190907
Lorain24910480
Warren24249297
Mahoning21474586
Lake20586368
Clermont19727238
Delaware18496131
Licking16396210
Fairfield16144199
Trumbull15996466
Medina15233262
Greene15027244
Clark13960297
Wood13056188
Portage12806201
Allen11609231
Richland11308198
Miami10659215
Muskingum8795132
Wayne8777210
Columbiana8756229
Pickaway8547121
Marion8511135
Tuscarawas8467243
Erie7859154
Hancock6900126
Ross6835152
Ashtabula6777169
Geauga6665148
Scioto6398101
Belmont5856167
Union570047
Lawrence5542102
Jefferson5511151
Huron5422119
Darke5344122
Sandusky5330120
Seneca5268121
Athens518258
Washington5148109
Auglaize488484
Mercer480185
Shelby468593
Knox4479110
Madison435461
Putnam4268100
Ashland421289
Fulton420969
Defiance418997
Crawford3965106
Brown392957
Logan381176
Preble379098
Clinton370561
Ottawa366279
Highland353861
Williams338075
Champaign330458
Guernsey315453
Jackson312051
Perry294550
Morrow283839
Fayette281449
Hardin270364
Henry268166
Coshocton264258
Holmes2590101
Van Wert242863
Pike237433
Adams237052
Gallia235048
Wyandot230654
Hocking215162
Carroll191247
Paulding172440
Meigs144639
Noble133337
Monroe131942
Morgan108323
Harrison107537
Vinton82415
Unassigned02
Fort Wayne
Cloudy
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Hi: 59° Lo: 36°
Feels Like: 41°
Angola
Cloudy
41° wxIcon
Hi: 56° Lo: 37°
Feels Like: 38°
Huntington
Clear
46° wxIcon
Hi: 59° Lo: 35°
Feels Like: 46°
Decatur
Cloudy
41° wxIcon
Hi: 60° Lo: 37°
Feels Like: 41°
Van Wert
Partly Cloudy
45° wxIcon
Hi: 60° Lo: 37°
Feels Like: 40°
We'll start Friday off dry, but the chance of rain returns. Scattered showers will be possible by late morning until the evening.
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