Thursday's numbers bring to more than 36 million the number of Americans who have filed initial unemployment claims since coronavirus shutdowns began.
The stimulus package amounts to 10% of Indian GDP
Virus-slammed UK economy slumps at fastest pace since 2008
Around 23.1 million people were counted as unemployed in April, but that does not include individuals who have given up looking for work.
The Trump team reportedly had a total of $255 million cash in the bank, as of April.
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Poised to stage the earliest recoveries from the COVID-19 economic catastrophes are cities not that heavily populated but with highly-educated residents.
Treasury secretary Steve Mnuchin warns of a "very, very bad second quarter" as COVID-19 continues to stoke unemployment to horrific levels.
U.S. unemployment hit 14.7% in April, the highest since the Great Depression.
A study by the Well Being Trust estimates the deaths to range between 27,644, assuming the economy recovers quickly, and 154,037 in a slow-recovery scenario.
The Labor Department said more than 20 million jobs vanished in April
Canada loses most jobs ever due to pandemic, unemployment hits 13%
Of the job losses reported today, just 2 million were permanent while 18.1 million unemployed persons reported being temporarily laid-off.
U.S. stocks opened higher on Friday despite report noting 20 million jobs were lost in April.
Experts had predicting an unemployment rate for April as high as 20%.
Jobless Americans can only hang on as pandemic rages
US jobless claims begin decline, but still high at 3.2 mn
U.S. stocks finished higher on Thursday although 3.17 million Americans filed for unemployment last week.
Norway has suffered both from the pandemic and low oil prices.
A Washington Post-Ipsos poll indicates that 77% of laid-off or furloughed workers expect to be rehired once stay-at-home orders are lifted. Just 20% believe it is somewhat or very unlikely they will be rehired by their former employer.
The worst-hit group is Hispanic men, with 22% reporting having lost their jobs. Black workers are also losing their jobs at higher rates than white workers