4.4 million file for unemployment; five week total surges to 26.4 million

  • Weekly jobless claims totaled 4.4 million last week, slightly more than expected.
  • The five-week total is now 26.4 million, more than all of the jobs added since the Great recession.
  • The totals remain elevated as states continue to try to cope with the massive influx of new claims.

The number represented a decline of 810,000 from the previous week, but the five-week total has now surpassed all of the job gains since the Great Recession.

The total is far worse than anything the U.S. has seen before, with the previous one-week peak of 695,000 dating to October 1982.

CNBC:

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WTF, America?! What the actual F?!