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Posted On: 03/21/2020 9:06:44 AM
Post# of 124983
Trump Administration Asks States To Bury Unemployment Claim Figures
As coronavirus-fueled layoffs swept the country, the Labor Department asked states to refer to new claims in “generalities” to avoid spooking financial markets.
Unemployment claims have been skyrocketing as thousands are laid off from jobs amid the spread of coronavirus. Treasury Secretary Steve Mnuchin reportedly warned senators that unemployment during the pandemic could hit 20% without a financial rescue package.
New claims were so numerous that the state’s unemployment website was clogged, said Cartwright, adding: “We are seeing as many claims filed in a day as we usually see in a week.”
https://www.huffpost.com/entry/labor-departme...b7794577ee
As coronavirus-fueled layoffs swept the country, the Labor Department asked states to refer to new claims in “generalities” to avoid spooking financial markets.
Unemployment claims have been skyrocketing as thousands are laid off from jobs amid the spread of coronavirus. Treasury Secretary Steve Mnuchin reportedly warned senators that unemployment during the pandemic could hit 20% without a financial rescue package.
New claims were so numerous that the state’s unemployment website was clogged, said Cartwright, adding: “We are seeing as many claims filed in a day as we usually see in a week.”
https://www.huffpost.com/entry/labor-departme...b7794577ee
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