{"id":1004405266,"date":"2020-04-02T04:48:23","date_gmt":"2020-04-02T12:48:23","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004405266"},"modified":"2020-04-02T04:57:16","modified_gmt":"2020-04-02T12:57:16","slug":"unemployment-claims-top-6-6-million","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/unemployment-claims-top-6-6-million\/","title":{"rendered":"Unemployment Claims Top 6.6 Million"},"content":{"rendered":"<div id=\"attachment_1004405728\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/shadow-2979658_1920.jpg\" target=\"_blank\" rel=\"noopener\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004405728\" data-attachment-id=\"1004405728\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/unemployment-claims-top-6-6-million\/shadow-2979658_1920\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/shadow-2979658_1920.jpg\" data-orig-size=\"800,620\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Image via Pixabay.com\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Image via Pixabay.com&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/shadow-2979658_1920.jpg?w=800\" class=\"wp-image-1004405728 size-medium\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/shadow-2979658_1920.jpg\" alt=\"\" width=\"300\" height=\"233\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/shadow-2979658_1920.jpg 800w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/shadow-2979658_1920.jpg?resize=300,233 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/shadow-2979658_1920.jpg?resize=768,595 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004405728\" class=\"wp-caption-text\"><em>Image via Pixabay.com<\/em><\/p><\/div>\n<p>The U.S. Department of Labor&#8217;s weekly unemployment claims report, released on Thursday morning for the week ending on March 28, showed a total of more than 6.6 million initial claims, doubling from last week. This comes on the heels of the previous figure of almost 3.3 million, itself an unprecedented record in the history of the seasonally adjusted series.&nbsp;The advance figure for seasonally adjusted insured unemployment for the week ending on March 21 topped 3 million, the highest level since mid-2013.&nbsp;<\/p>\n<hr>\n<p><strong>READ ALSO:<\/strong> <a href=\"https:\/\/www.commercialsearch.com\/news\/cpes-coronavirus-coverage\/\">CPE&#8217;s Coronavirus Coverage, Updated Daily<\/a><\/p>\n<hr>\n<p>California&#8217;s unemployment claims nearly quadrupled from the previous week, now at almost 880,000. Meanwhile, the state of New York went from 80,000 claims to more than 366,000, while the Florida figure went up more than 200 percent, to 227,000. These figures are not seasonally adjusted.<\/p>\n<h2>Recession in the making<\/h2>\n<p>Heading into the second quarter, the new figures, an early indicator of things to come both for the economy in general and commercial real estate, represent just one piece in a complex and rapidly shifting puzzle.<\/p>\n<p>With federal social distancing guidelines extended throughout April and likely to be pushed further, industry experts are <a href=\"https:\/\/www.commercialsearch.com\/news\/us-braces-for-more-job-losses\/\">sizing up the effects<\/a>, expecting a clearer image as the month advances. Or, as Savills Chief Economist Heidi Learner commented for a recent <em>Commercial Property Executive<\/em> piece, <em>\u201cI would not expect the unemployment rate to spike for the month of March but would say that all bets are off for April.\u201d<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The new figures, released this morning, come on the heels of the previous week&#8217;s record of almost 3.3 million.<\/p>\n","protected":false},"author":740,"featured_media":1004405728,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,23891,21742],"tags":[48950,38798,34107],"class_list":["post-1004405266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-national","category-latest","tag-coronavirus","tag-heidi-learner","tag-savills"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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He joined CPE and MHN in 2016, as associate editor. Bogdan coordinates news writing and editing work for the two publications, among others. He has a background in English, literature, translation and cultural journalism, and holds an MA in contemporary literature and culture from Birkbeck College, University of London.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/bogdanodagescu\/\"],\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/bogdan-odagescu\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Unemployment Claims Top 6.6 Million - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/unemployment-claims-top-6-6-million\/","og_locale":"en_US","og_type":"article","og_title":"Unemployment Claims Top 6.6 Million","og_description":"The new figures, released this morning, come on the heels of the previous week's record of almost 3.3 million.","og_url":"https:\/\/www.commercialsearch.com\/news\/unemployment-claims-top-6-6-million\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2020-04-02T12:48:23+00:00","article_modified_time":"2020-04-02T12:57:16+00:00","og_image":[{"width":800,"height":620,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/shadow-2979658_1920.jpg","type":"image\/jpeg"}],"author":"Bogdan Odagescu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/unemployment-claims-top-6-6-million\/","url":"https:\/\/www.commercialsearch.com\/news\/unemployment-claims-top-6-6-million\/","name":"Unemployment Claims Top 6.6 Million - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/unemployment-claims-top-6-6-million\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/unemployment-claims-top-6-6-million\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/shadow-2979658_1920.jpg","datePublished":"2020-04-02T12:48:23+00:00","dateModified":"2020-04-02T12:57:16+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/b496539dc21c086e1deff9b417453162"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/unemployment-claims-top-6-6-million\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/unemployment-claims-top-6-6-million\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/unemployment-claims-top-6-6-million\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/shadow-2979658_1920.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2020\/04\/shadow-2979658_1920.jpg","width":800,"height":620,"caption":"Image via Pixabay.com"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/unemployment-claims-top-6-6-million\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Unemployment Claims Top 6.6 Million"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/b496539dc21c086e1deff9b417453162","name":"Bogdan Odagescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Bogdan-Odagescu.png?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/03\/Bogdan-Odagescu.png?w=96","caption":"Bogdan Odagescu"},"description":"Bogdan Odagescu is an executive editor with Commercial Property Executive and Multi-Housing News. 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