5.245 million US residents file for unemployment; total unemployed surges to 22 million

Protection measures against the coronavirus continued to tear through the employment ranks, with 5.245 million more Americans filing first-time claims for unemployment insurance last week, the Labor Department reported Thursday.

The new filings bring the crisis total to just over 22 million, nearly wiping out all the job gains since the Great Recession.

The total was a bit worse than the 5 million expected from economists surveyed by Dow Jones.

CNBC:

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