Apr 23, 2020 - Economy & Business

Another 4.4 million filed for unemployment last week amid coronavirus crisis

Data: U.S. Employment and Training Administration via FRED; Chart: Andrew Witherspoon/Axios

Another 4.4 million Americans filed for unemployment last week, according to Labor Department data released Thursday.

Why it matters: While the pace of layoffs is easing, more than 26 million Americans have filed jobless claims in recent weeks as the coronavirus pandemic takes a never-before-seen toll on the job market.

Between the lines: The labor market wreck is likely worse than the government's figures suggest.

  • Unemployment offices across the country have been overwhelmed by the deluge of filings and processing has been delayed. Additionally, they're racing to catch up to the adjusted requirements for unemployment laid out in the federal coronavirus stimulus.
  • California, Florida, Texas and Georgia saw the biggest surge in new unemployment claims.

The bottom line: The official unemployment rate for April won't be released until next month, but economists predict the figure could rival that seen during the Great Depression.

Go deeper: Axios' Dan Primack tackles the topic in today's Pro Rata Podcast ...

Go deeper

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.

California became the fourth state with at least 100,000 reported cases of the coronavirus, along with Illinois, New Jersey and New York.

By the numbers: More than 99,000 people have died from the novel coronavirus and over 1.6 million have tested positive in the U.S. Nearly 385,000 Americans have recovered and more than 14.9 million tests have been conducted.

Census Bureau reports spike in signs of anxiety and depression since coronavirus

A food bank distribution line in Brooklyn, New York. Photo: Stephanie Keith/Getty Images

Americans are experiencing an increase in anxiety and depression amid the coronavirus pandemic, according to a Census Bureau survey cited by the Washington Post.

Why it matters: The findings indicate a significant uptick in clinical anxiety and depression since the onset of the virus. Despite communities and economies reopening, the COVID-19 outbreak is far from over.

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 8 p.m. ET: 5,682,389 — Total deaths: 354,944 — Total recoveries — 2,337,385Map.
  2. U.S.: Total confirmed cases as of 8 p.m. ET: 1,697,459 — Total deaths: 100,276 — Total recoveries: 391,508 — Total tested: 15,192,481Map.
  3. Public health: Fauci says data is "really quite evident" against hydroxychloroquine — Nearly half of Americans say someone in their household has delayed medical care.
  4. States: California hospitals strained by patients in MexicoTexas Supreme Court blocks mail-in expansion to state voters.
  5. Business: MGM plans to reopen major Las Vegas resorts in June — African American business owners have seen less relief from PPP, Goldman Sachs says.
  6. Tech: AI will help in the pandemic — but it might not be in time for this one.
  7. 1 🎶 thing: Local music venues get rocked by coronavirus.
  8. 🎧 Podcast: Trump vs. Twitter ... vs. Trump.
  9. What should I do? When you can be around others after contracting the coronavirus — Traveling, asthma, dishes, disinfectants and being contagiousMasks, lending books and self-isolatingExercise, laundry, what counts as soap — Pets, moving and personal healthAnswers about the virus from Axios expertsWhat to know about social distancingHow to minimize your risk.
  10. Other resources: CDC on how to avoid the virus, what to do if you get it, the right mask to wear.

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Updated 36 mins ago - Politics & Policy