More than 4 million Americans applied for unemployment benefits last week, bringing the five-week total during the coronavirus pandemic to 26.5 million in the steepest downturn for the U.S. labor market since the Great Depression.
Initial jobless claims of 4.43 million in the week ended April 18 followed a slightly downwardly revised 5.24 million in the prior week, according to Labor Department figures Thursday. The median estimate of economists was for 4.5 million claims.
