AP Economics Writer
WASHINGTON (AP) — More than 4.4 million laid-off workers applied for U.S. unemployment benefits last week as job cuts escalated across an economy that remains all but shut down, the government said Thursday.
Roughly 26 million people have now filed for jobless aid in the five weeks since the coronavirus outbreak began forcing millions of employers to close their doors. About one in six American workers have lost their jobs in the past five weeks, by far the worst string of layoffs on record. That's more than the number of people who live in the 10 largest U.S. cities combined.
Economists have forecast that the unemployment rate for April could go as high as 20%.
The enormous magnitude of job cuts has plunged the U.S. economy into the worst ec