Apr 16, 2020 - Economy & Business

Another 5.2 million jobless claims filed last week amid coronavirus crisis

Data: FRED; Chart: Andrew Witherspoon/Axios

Another 5.2 million Americans filed for unemployment last week, the Labor Department announced Thursday.

Why it matters: With the more than 16 million jobless claims filed over the past three weeks, more jobs have now been lost in the last month than were gained since the Great Recession.

The big picture: The weekly unemployment filings report has become a must-watch for Wall Street and economists. It offers the timeliest glimpse into how efforts to contain the coronavirus outbreak are ravaging the job market.

  • And economists say that as bad as these weekly numbers look on the surface, they're likely even higher. There are widespread complaints that state labor departments are having trouble processing the never-before-seen wave of jobless filings.

The bottom line: In just one month, the coronavirus economic shutdown has caused a staggering 22 million Americans to lose their jobs.

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Updated 4 hours ago - Health

U.S. coronavirus updates

Data: The Center for Systems Science and Engineering at Johns Hopkins; Map: Andrew Witherspoon/Axios. This graphic includes "probable deaths" that New York City began reporting on April 14.

Infectious disease experts doubt that the coronavirus will slow its spread during the summer, National Institutes of Health director Francis Collins wrote in a Tuesday blog post.

By the numbers: More than 105,000 Americans have died of the coronavirus and over 1.8 million people have tested positive, per data from Johns Hopkins. More than 458,000 Americans have recovered and over 17.3 million tests have been conducted.

Coronavirus' unequal economic toll

Reproduced from Kaiser Family Foundation; Chart: Axios Visuals

As the coronavirus pandemic wears on, almost half of all African American, Latino, and low-income Americans are having trouble paying their bills, including medical bills.

Why it matters: The findings from our latest KFF polling suggest that even if Congress’ relief efforts are helping, they’re not nearly enough.

Coronavirus still has a foothold in the South

Data: The COVID Tracking Project, state health departments; Map: Andrew Witherspoon/Axios

Overall, new coronavirus infections in the U.S. are on the decline. But a small handful of states, mainly clustered in the South, aren't seeing any improvement.

The big picture: Our progress, nationwide, is of course good news. But it's fragile progress, and it’s not universal. Stubborn pockets of infection put lives at risk, and they can spread, especially as state lockdowns continue to ease.