As Jobless Claims Surge Unemployment Rate Could Reach 8 Percent
The state of Ohio saw its unemployment claims jump 14 times higher than the previous week in just the first three days of this week, a spokesperson for the state said on Wednesday, according to Bloomberg News. Similarly, Illinois has seen a surge of nearly 10 times as many claims. In New York, the state’s unemployment claims website has been crashing as it was overwhelmed with additional applications, and Connecticut reported 10 times as many claims compared to an average week....