Million Have Filed For Unemployment In 8 Weeks

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Since the first week of April, the state has paid out more than $432 million in regular benefits.

Many newly jobless have found themselves in a precarious financial position, with more than a third reporting trouble paying their bills and almost half unable to afford a $400 emergency, the Federal Reserve said in a survey released Thursday.

In an interview on Fox Business Network late Wednesday, US Treasury Secretary Steven Mnuchin said the huge unemployment figures were "not a surprise". Continued Claims: The number of claims continued with weekly certifications. The DOL reports that the largest increases in initial claims for the week ending May 2 were in Oklahoma (41,385), Maryland (25,318), New Jersey (16,360), ME (8,452), and Puerto Rico (4,600), while the largest decreases were in Florida (258,243), Alabama (45,981), Georgia (38,213), Washington (37,289), and Pennsylvania (33,451). The unemployment rate shot up to 14.7% last month - the highest level since the Great Depression. The state cites fewer layoffs in the health care and social assistance, manufacturing, and retail trade industries.

Restrictions limiting the number of people allowed in businesses and requiring stricter cleaning remain in place in those counties.

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More than 22,000 claims were filed last week, down from more than 28,000 the week before, the Department of Labor and Employment said.

US gross domestic product shrank at a an annual rate of 4.8% in the first quarter, and numbers for the second quarter are expected to be even worse.

The advance seasonally adjusted insured unemployment rate for the nation was 15.7 percent for the week ending May 2, an increase of three-tenths of one percent from the previous week. Since the outbreak began, more than 36 million Americans have sought jobless benefits to weather the economic slowdown.

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