Thread by @nytimes, The coronavirus has devastated the U.S. economy. In just 5 weeks, more [...]

The coronavirus has devastated the U.S. economy. In just 5 weeks, more than 26 million people have filed for unemployment.

Here are 3 ways to understand the scale of the crisis. https://nyti.ms/2S3WSVD

Unemployment in the Crisis: 5 Weeks, 26 Million Claims

The number of jobs lost in five weeks is roughly the equivalent of the work forces of 25 states.

https://nyti.ms/2S3WSVD

Each dot here dot represents 10,000 people who filed for unemployment in the U.S. Watch how the number has grown since mid-March. http://nyti.ms/2S3WSVD

To put it another way, the number of jobs lost already because of the coronavirus outbreak is roughly equal to the working populations of 25 states. http://nyti.ms/2S3WSVD

Until last month, the worst week for unemployment filings was 695,000 in 1982. http://nyti.ms/2S3WSVD

As bad as the unemployment picture looks, the numbers likely don’t even capture the full picture. Read more about why here. https://nyti.ms/352zayr

Jobless Numbers Are ‘Eye-Watering’ but Understate the Crisis

With 4.4 million added last week, the five-week total passed 26 million. The struggle by states to field claims has hampered economic recovery.

https://nyti.ms/352zayr

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