JOBS: Unemployment Claims Skyrocket

New jobs data released today shows the devastating effect the coronavirus is having on the labor market.

The number of new unemployment filings skyrocketed last week to more than 3.2 million -- a record number and twice what experts had projected. It is an increase of three-million over the previous week. The troubling figure shouldn't come as a surprise. The pandemic has forced thousands of businesses to close. (Fox News)