Welcome to the Jill on Money coronavirus market update. We're recording this at

3.23 on Thursday afternoon. It will drop in your feed on Friday morning.

Big news of the day, more bad news about employment or unemployment, that is.

There were 3.8 million people who applied for new unemployment benefits in the week ending April 25th.

That means over six weeks, there are now 30 million new applications for unemployment benefits.

Unbelievable.

Right now, there are 18 million folks

who are collecting their unemployment.

So I guess if there's a tiny bit of good news,

it's that the numbers are tapering off but they are still so high.

I cannot even believe it. I remember the first week that we saw the spike and that was the week that was

ended March 21st and we had 3.3 million people and I I said oh my

God I'd never seen a number that much and then it went up to 6.8 and now it is

starting to dribble down, but the numbers are astounding. They really are. And I ran across a Marist poll that I found very interesting. The pandemic is obviously spreading to so many more people and in this poll

they found that 50% of Americans said they or someone else in their household has either lost hours or a job because of

coronavirus. Now that is insane, half, right? What's even more insane is how quickly

it happened. It's up from 18% a month ago.

And this is having a disproportionate and harsher effect on people of color,

those without a college degree, younger people, and those who make less money.

So, I don't know. I mean, it's just just awful so if you know somebody who needs some help and you want to help them out or you want to turn them on to our

podcast you can go ahead and do that you can send us an email ask Jill at Jill on Money.com

and you can always go to the website Jill on Money.com. So this is from Emma who says,

...