
Economists predicted that the blow to the US economy from coronavirus would be bad. They just didn’t predict it would be this bad. More than 6.65 million people in the country have filed for unemployment benefits in the past week. Around 3.3 million filed the week before that. This means that in the past two weeks a total of 10 million Americans have filed for unemployment benefits. It is the sharpest rise in claims in US history, and by a considerable margin; by comparison, prior to last week, the most dramatic rise was in 1982 (695,000 claims).