U.S. state unemployment payments in April jump five-fold from February

WASHINGTON (Reuters) – Unemployment payments jumped to at least $16.2 billion in April, up more than five-fold from February, as layoffs attributed to the coronavirus pandemic swept through the economy. Signage is seen posted on the entrance of the New York State Department of Labor offices, which closed to the public due to the coronavirus…

U.S. state unemployment payments in April jump five-fold from February

WASHINGTON (Reuters) – Unemployment payments jumped to at least $16.2 billion in April, up more than five-fold from February, as layoffs attributed to the coronavirus pandemic swept through the economy. Signage is seen posted on the entrance of the New York State Department of Labor offices, which closed to the public due to the coronavirus disease (COVID-19) outbreak in the Brooklyn borough of New York City, U.S., March 20, 2020. REUTERS/Andrew KellyThe figure is still preliminary, with April payment data for six states including Florida and Michigan still not available on a Department of Labor Web site that provides detailed unemployment insurance information from the 50 states and the District of Columbia. But the filings available so far show the scale of the payments moving through the economy and
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