By Jill Goldsmith U.S. unemployment claims surged by over three million for the week ending March 21 to 3.283 million, a record, according the the Department of Labor, and its the first official reckoning of the devastating toll the coronavirus pandemic is having on the labor market.
It cited entertainment as one of the industries hardest hit. Every facet of the business has slowed or halted with shows halted, movie theaters shuttered and furloughs and layoffs from talent agencies to production crews. “This marks the highest level of seasonally adjusted initial claims in the history of the seasonally adjusted series,” the DOL said in its weekly report of claims by state.
Read more on deadline.com
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