17 Million Americans Have Filed For Unemployment In The Last 3 Weeks
The NPR Politics Podcast
NPR
4.4 • 25.7K Ratings
🗓️ 9 April 2020
⏱️ 14 minutes
🧾️ Download transcript
Summary
Today's episode: White House correspondent Tamara Keith, chief economics correspondent Scott Horsley, and political reporter Danielle Kurtzleben.
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Transcript
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| 0:00.0 | Hi, this is Rob and Nancy Raymond from Chusting, Michigan, USA. We are currently |
| 0:05.9 | hunkered down in pure Michigan at our 101-year-old family-owned clothing store |
| 0:12.7 | Ed Raymond and Sons. While we look forward to seeing customers again, we have been |
| 0:18.1 | humbled by the outrage given by our neighbors, customers, and friends. All who have |
| 0:23.4 | told us that our store is part of their story. This podcast was recorded it. |
| 0:29.1 | 207 PM on Thursday, April 9th. Things may have changed since you've listened to |
| 0:35.5 | this, but our love for you has not. Okay, enjoy the podcast and don't forget to |
| 0:42.2 | shop small and dream big. |
| 0:47.7 | They actually told me that their family business started around the time of the |
| 0:54.5 | Spanish flu pandemic and it survived. And they hope the same will happen this time. |
| 1:01.0 | Yes, well good luck to them. I hope they're doing okay. Hey there, it's the NPR |
| 1:06.0 | Politics podcast. I'm Tamer Keith. I cover the White House. I'm Scott Horsley. |
| 1:09.8 | I cover the economy. I'm Danielle Kurtzlavin. I also cover the economy. Another 6.6 |
| 1:14.9 | million Americans filed new unemployment claims last week. We got the |
| 1:19.7 | number today. That means that over the last three weeks, nearly 17 million people have |
| 1:26.5 | filed new jobless claims. That is stunning. One calculation I've seen thrown around a |
| 1:33.2 | bit today is that 10% of the US labor force that is people working or looking for work, |
| 1:39.7 | 10% has filed for unemployment roughly in the last few weeks. That is ridiculously |
| 1:46.6 | high as you can tell of having trouble finding a word for it. Yeah, we've gone from |
| 1:50.1 | having a 50 year low unemployment rate of 3.5% in February to now something like 13.5% |
| 1:57.5 | which is higher than anything we've seen since the Great Depression. For some perspective |
| 2:01.6 | for our listeners out there that you know the last downturn during and after the great |
... |
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