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David Brancaccio here. Do you want instant access to the free online course - “Economics 101” - to understand basic economic concepts?");})(".stylingblock-content-margin-cell > table:nth-of-type(1) > tbody:nth-of-type(1) > tr:nth-of-type(1) > td:nth-of-type(1) > div:nth-of-type(1) > div:nth-of-type(1) > h2:nth-of-type(1) > span:nth-of-type(1)")}}, C_940895_63_1_2_0:{ fn:function(log,nonce=''){return (function(x) {var el,ctx=vwo_$(x); /*vwo_debug log("paste",".actions"); vwo_debug*/!(el=vwo_$(".actions")).parent().find('[vwo-op-1742589780926=""]').length&&el.after('


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You'll gain real-world insights into how economics impacts your daily life with this easy-to-follow online course. This crash course is based on the acclaimed textbook Economy, Society, and Public Policy by CORE Econ, tailored to help you grasp key concepts without feeling overwhelmed.

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Are you ready to build a foundation in economics that empowers you to think critically about the world around you?

Get instant access today and keep an eye on your inbox for a confirmation email and your first lesson.
 
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Roughly 1 in 10 workers have lost their jobs in the past 3 weeks

With a startling 6.6 million people seeking jobless benefits last week, the United States has reached a grim landmark
With a startling 6.6 million people seeking jobless benefits last week, the United States has reached a grim landmark
Joe Raedle/Getty Images

With a startling 6.6 million people seeking jobless benefits last week, the United States has reached a grim landmark — roughly 10% of workers have lost their jobs in just the past three weeks. It’s the largest and fastest string of job losses on record (to 1948).

California, New York, Michigan and Florida had the highest number of claims. And the actual number of Americans out of work or nearly so is almost surely higher. The volume of new claims for state unemployment benefits gives us a rough sense of the scale of job losses across the country.

One thing we do know about the number who have applied for unemployment insurance claims “is that it is less than the number of people who are out of work because of the virus,” said former Labor Department chief economist Heidi Shierholz.

For one thing, each state has different eligibility rules for claiming unemployment. Some make it hard to qualify if you didn’t work long enough or make enough in your previous job.

Until last week, most states weren’t accepting unemployment claims from people who don’t have traditional employers: gig workers, freelancers and the self-employed.

“So that includes anyone who is an independent contractor. They’re just like everyone else, seeing demand for their services totally bottom out,” Shierholz said.

The Pandemic Unemployment Assistance program recently passed by Congress does extend benefits to these workers. We should see them surging into state unemployment systems in coming weeks.

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