Published: Fri, March 27, 2020
Markets | By Otis Pena

Kansas, Missouri see sharp increase in jobless claims due to COVID-19

Kansas, Missouri see sharp increase in jobless claims due to COVID-19

Statewide, the number of new claims for unemployment jumped from 14,154 new claims the second week of March way up to 133,464 new claims during the third week.

For the week ended March 21, new unemployment claims totaled 3.283 million, seasonally adjusted, or more than twice the 1.7 million consensus economists polled by Bloomberg had expected.

Layoffs are sure to accelerate as the US economy sinks into what most economists expect to be deep and painful recession. The figure was more than four times greater than the previous record high of 695,000 from 1982.

Ironically, OED has had to hire new employees over the past two weeks to deal with the overwhelming number of claims, as well as shifting workers to different program areas.

Coronavirus: What Is The UK Government Doing To Help Self-Employed People?
And we've also changed the welfare system so that self-employed people can now access Universal Credit in full. Those with an immediate need for finances can access Universal Credit or a business interruption loan.

"During the week ending March 21, the increase in initial claims are due to the impacts of the COVID-19 virus", the department said at the top of their news release.

You can read the full report from the Department of Labor here. Many people have reported being unable to complete their applications for unemployment benefits.

"Still, record levels of unemployment claims cause longer wait times, as the department works to gather and process the details factoring into each individual claimant's eligibility and weekly benefit amount", the agency said.

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