The month of March 2020 in the United States has been nothing short of a full-scale economic collapse in wake of COVID-19. According to NPR, the week ending March 28th reported 6.648 million unemployment claims. This is reported double to what was filed the week before at 3.307 million unemployment claims. California has been hit the hardest with just over a million unemployment claims filed the week ending March 28th. This is a +964,069% increase from the week before, shocking. On March 9th we saw the stock market crash on the infamous ‘Black Monday’ of 2020.
Historical Chart of Unemployment Claims
Michael C. Moran