Sunday, April 5, 2020

Unemployment Claims -- Week #2 - Strike #2









6.648 million people 
filed their initial 
unemployment 
claims in the week 
ending on  
March 28, 2020,
about ten times 
the prior record 
set in 1982, 
according to the 
U.S. Department 
of Labor.

An upwardly revised 
3.307 million filed 
the week before. 

Combined, that's
almost 10 million 
unemployment 
claims processed 
in two weeks.

Even with 
many state
unemployment
offices behind 
in processing 
the claims.

The table below shows 
initial unemployment 
claims for the 10 states 
with the most claims 
in the past two weeks,
 combined 
( not seasonally adjusted ):

                                 Past 2 Weeks 
Top 10 States       of Initial Claims  
    California    1,065,060
2 Pennsylvania     783,331
3                 Ohio    468,438
      New York     446,402
      Michigan     439,092
6             Texas     431,023
7 Massachusetts 329,514
8   New Jersey     321,330
9    Washington    317,410
10           Florida    301,313

Florida finally joined 
the 34 states with 
some type of statewide 
stay-at-home orders,
( orders cover 225 million people, 
over two-thirds of the U.S. ).

The $2 trillion 
stimulus package 
eased rules on 
who can qualify 
for unemployment 
insurance.

More people 
will qualify,
including 
part-timers, 
free-lancers, 
and 
gig workers
who have 
lost income 
( such as Uber 
drivers with 
no business ).

This expansion
of unemployment 
Insurance does need
to be implemented 
by individual states.

"Gig work" 
has become 
very popular, 
so that even 
big companies, 
such as Uber 
and Lyft, use it.

The self-employed, 
the free-lancers and 
entrepreneurs 
also include well-paid 
tech workers, and 
other professionals 
who work on a contract 
basis, on various projects. 

Some of them will qualify,
under new unemployment 
insurance rules, to receive 
unemployment benefits, 
and others won't.

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