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The new report, which covers the week ending April 18, brings total job losses since the coronavirus pandemic outbreak triggered



widespread stay at home, measures five weeks ago to more than 26 million, a stunning sign of depth of the economic crisis.

With a labor force that totals about 162 million people, the claims figures suggest the unemployment rate is about 16%.

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Or one in six Americans- significantly higher than the 10 percent peak seen during the 2008 financial crisis.

Economists surveyed by Refinitiv expected the number of initial claims for state unemployment benefits to hit 4.2 million.

The four weeks moving average was more than 9 million, up 3.5 million from a week ago.

LOCK DOWN : “I need sex”, Nigerian Lady cries out.


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