Office Sector Woes Continue

Analysts say the pandemic shutdown and millions of job layoffs are weighing heavily on the office sector.

MBA Chart of the Week: Unemployment Insurance/Initial Claims

This week’s chart highlights initial unemployment claims data from the U.S. Department of Labor, portraying the speed and severity of the labor market’s deterioration during the COVID-19 pandemic, as businesses closed or transitioned to remote working arrangements.

MBA Chart of the Week: Unemployment Insurance/Initial Claims

This week’s chart highlights initial unemployment claims data from the U.S. Department of Labor, portraying the speed and severity of the labor market’s deterioration during the COVID-19 pandemic, as businesses closed or transitioned to remote working arrangements.

Another 5.2 Million Fill for Unemployment; 4-Week Total Rises to 22 Million

The Labor Department reported a seasonally adjusted 5.245 million people filed initial unemployment claims for the week of ending April 11, marking the fourth consecutive week of multi-million claims and bringing total claims filed in the past four weeks to more than 22 million.

Another Week for Record Unemployment Claims

The Labor Department yesterday reported a record 6.648 million Americans filed initial unemployment insurance claims last week, smashing the previous record set the previous week.

For 3.3 Million Americans, Coronavirus Economy Just Got Real

The Labor Department on Thursday said unemployment claims skyrocketed to 3.3 million—the first real indicator of just how potentially devastating the economic effects of the coronavirus can be at the personal and national levels.