From the New York Times, I'm Michael Babaro. This is The Daily.

Today, to contain the pandemic, the U.S. government has deliberately shut down

much of the economy. My colleague Jim Tankersky, on the result, the worst unemployment crisis in U.S.

history. It's Monday, April 6th.

Good evening. This is the CBS Even News, Dan Ruther reporting. The newest government economic figures

out today show that the recession has not found its bottom. The last time that the United States

set a record for new unemployment claims was the fall of 1982. Ronald Reagan is president.

The country has engaged in a battle against inflation, the rapid increase in prices that has

just beset the economy for years. And the Federal Reserve, as part of that battle, has made

the cost of borrowing money really high. And as a result, I found all Americans in recent days,

all of us have been swamped by a sea of economic statistics. Some good, some bad, and some just plain

confusing. Tonight, in homes across this country, unemployment is the problem up and most on many

people's minds. Almost 700,000 people lose their jobs in the span of one week and file for an

employment. Wow. That is a record. We can do it by slowly but surely working our way back to

prosperity that will mean jobs for all who are willing to work and fulfillment for all who

still cherish the American dream. And it stays a record for a long time, stays through the next

recession, even through the 2008 financial crisis. That remains the record 1982. Until this March, 2020.

The weekly unemployment numbers are in and they are the biggest ever by far.

3,283,000 Americans filed for unemployment last week. A health pandemic has become a

financial pandemic. The third week of March of 2020, 3.3 million Americans filed for unemployment

in one week. And that is the equivalent of the entire city of Chicago. That's a new record.

And it lasts for exactly one week. The labor department is out with jaw-dropping new numbers here.

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