Saturday August 8, 2020

Covid-19: Record 3.3m apply for jobless benefit in US

European Central Bank scraps most of the bond-buying limits in its €750 billion pandemic emergency programme

26th March, 2020
The closed pier at Huntington Beach, California. The US Department of Labour said 3.3 million people had applied for social welfare in the past week. Picture: Getty

More than 3 million Americans have filed for unemployment benefits as the pandemic continues to wreak economic havoc.

The US Department of Labour said 3.3 million people had applied for social welfare, up from 283,000 the previous week and far surpassing expectations of less than 2 million.

Despite the historic single-week job losses, stock markets continued to rally as hopes that stimulus plans agreed in recent days will kickstart a recovery.

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

As Spain insists large areas of the country are safe for tourists, does stopping or restricting travel have a material impact on the spread of Covid-19?

Aaron Rogan | 6 days ago

As some Big Tech employees quit Dublin’s Docklands, others see falling rents as an opportunity to live in the heart of the capital

Killian Woods | 6 days ago

Tánaiste and finance minister were advised by officials that mortgage holders would have to stump up extra interest or face ‘serious’ consequences

Peter O'Dwyer | 6 days ago