Unemployment claims reach record The number of Americans who filed initial jobless claims last week shattered previous records after businesses nationwide closed their doors or reduced services because of the coronavirus pandemic. The Labor Department reported Thursday morning that 3,283,000 Americans filed initial unemployment insurance claims for the week ending March 21, nearly five times as many claims as the previous record of 695,000 during October 1982. CBS News campaign reporter Adam Brewster notes the highest number of weekly claims during the Great Recession was 665,000 claims in March 2009.  “This isn’t something we have experience with, this kind of suddenness,” said Elise Gould, a senior economist at the Economic Policy Institute. She noted, however, that the massive spike in claims was “not unexpected” and expects high numbers of initial jobless claims over the next few weeks before it tapers off. “It could be that over 10 million people could lose their jobs by June, so these claims are going to be coming in steady,” Gould said. Despite the unemployment numbers, the Dow Jones Industrial Average closed the day up 1,351 points, or 6.4%. The S&P 500 finished Thursday up more than 17% since the close on Monday. In a press release, the Labor Department


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