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: 926604

Reported Deaths: 15083
CountyCasesDeaths
Marion1262201958
Lake626901087
Allen52772747
Hamilton43283445
St. Joseph41475584
Elkhart33129488
Vanderburgh29927439
Tippecanoe26589247
Johnson23267415
Hendricks21902340
Porter21473341
Clark17150224
Madison17065379
Vigo15815273
Monroe14298190
LaPorte14108237
Delaware13771219
Howard13635262
Kosciusko11232134
Hancock10637160
Warrick10523176
Bartholomew10341167
Floyd10200202
Wayne9690218
Grant8939196
Morgan8734158
Boone8299109
Dubois7596123
Henry7469128
Dearborn745187
Noble7294101
Marshall7237128
Cass7097117
Lawrence6862150
Shelby6457107
Jackson643981
Gibson6036106
Harrison595585
Huntington591891
Montgomery5706102
DeKalb563591
Knox537599
Miami531983
Clinton527164
Putnam525367
Whitley516251
Steuben486367
Wabash477492
Jasper471961
Jefferson461991
Ripley444175
Adams439365
Daviess4064106
Scott394963
White386257
Clay382356
Greene380189
Wells379683
Decatur379595
Fayette367176
Posey354941
Jennings346356
Washington325847
LaGrange315774
Spencer313034
Fountain309753
Randolph305487
Sullivan299447
Owen279161
Starke272761
Orange272659
Fulton268851
Jay250634
Perry247451
Carroll241127
Franklin233637
Vermillion229750
Rush228930
Parke215220
Tipton206754
Pike202538
Blackford165634
Pulaski158751
Crawford142818
Newton140742
Benton139816
Brown132646
Martin126916
Switzerland123510
Warren113416
Union93511
Ohio77211
Unassigned0468

Ohio Coronavirus Cases

Data is updated nightly.

Cases: 1342777

Reported Deaths: 21471
CountyCasesDeaths
Franklin1502191556
Cuyahoga1327732318
Hamilton962791318
Montgomery659161136
Summit555141045
Lucas50248862
Butler46732653
Stark40741974
Lorain31004529
Warren29609328
Mahoning26462637
Clermont25206287
Lake24339416
Delaware22014143
Licking20180241
Fairfield20139221
Greene19955268
Trumbull19500508
Medina19478286
Clark17565325
Richland15949231
Portage15851228
Wood15438208
Allen13875256
Miami13549249
Muskingum12261149
Wayne11647237
Columbiana11344239
Tuscarawas10657265
Marion10509148
Pickaway10301128
Scioto10082126
Erie9618171
Ross9209174
Lawrence8516116
Hancock8298141
Ashtabula8180185
Geauga8066155
Belmont7966184
Jefferson7324168
Huron7253127
Union717849
Washington7037119
Athens681064
Sandusky6734133
Darke6559136
Knox6475121
Seneca6237137
Ashland5808112
Auglaize580488
Shelby5654101
Mercer552190
Brown551068
Defiance5361100
Madison535170
Crawford5299114
Highland527581
Fulton520082
Clinton515980
Logan503182
Preble4902110
Putnam4778106
Guernsey454661
Williams448281
Champaign436264
Perry432152
Ottawa431184
Jackson413260
Pike378941
Morrow369150
Fayette367652
Coshocton359466
Hardin350069
Adams348069
Gallia338054
Holmes3197108
Henry318868
Van Wert307170
Hocking291669
Wyandot276158
Carroll256752
Paulding236442
Meigs205242
Monroe185049
Noble164840
Morgan159228
Harrison151940
Vinton133918
Unassigned05
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