7 Major Coronavirus Developments — Crushing Job Numbers in U.S. and RI — April 2, 2020

GoLocalProv News Team

7 Major Coronavirus Developments — Crushing Job Numbers in U.S. and RI — April 2, 2020

RI total cases as reported thru 4/1
The number of Rhode Islanders who have filed for unemployment insurance and temporary disability insurance tied to the economic downturn now tops more than 95,000 and that number is coupled with approximately 20,000 who were unemployed going into the coronavirus crisis.

The total number of Rhode Islanders at full employment is approximately 550,000.

WATCH: Former RI Director of Health Dr. Michael Fine on GoLocal LIVE at 12 PM on Thursday

Now, federal numbers were released on Thursday morning. The U.S. jobless claims hit 6.65 million.

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DOL Reports:

In the week ending March 28, the advance figure for seasonally adjusted initial claims was 6,648,000, an increase of 3,341,000 from the previous week's revised level. This marks the highest level of seasonally adjusted initial claims in the history of the seasonally adjusted series. The previous week's level was revised up by 24,000 from 3,283,000 to 3,307,000. The 4-week moving average was 2,612,000, an increase of 1,607,750 from the previous week's revised average. The previous week's average was revised up by 6,000 from 998,250 to 1,004,250. The advance seasonally adjusted insured unemployment rate was 2.1 percent for the week ending March 21, an increase of 0.9 percentage point from the previous week's unrevised rate.

U.S. Department of Labor

The advance number for seasonally adjusted insured unemployment during the week ending March 21 was 3,029,000, an increase of 1,245,000 from the previous week's revised level. This is the highest level for insured unemployment since July 6, 2013 when it was 3,079,000. The previous week's level was revised down by 19,000 from 1,803,000 to 1,784,000. The 4-week moving average was 2,053,500, an increase of 327,250 from the previous week's revised average. This is the highest level for this average since January 14, 2017 when it was 2,062,000. The previous week's average was revised down by 4,750 from 1,731,000 to 1,726,250. 


7 Major Coronavirus Developments — April 2, 2020

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