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Planet Money

America Unemployed

Planet Money

NPR

Business, News

4.629.8K Ratings

🗓️ 28 March 2020

⏱️ 23 minutes

🧾️ Download transcript

Summary

A record number of Americans filed for unemployment this week. The system isn't designed for this. What's next? | Subscribe to our weekly newsletter here.

Transcript

Click on a timestamp to play from that location

0:00.0

This is Planet Money from NPR.

0:07.0

Here at Planet Money we've been hearing from a lot of our listeners about how their lives have been turned upside down.

0:12.0

My name is Chelsea Spring. I live in Long Island City, New York.

0:15.0

My name is Lori Winslow and I live in Lucifer, Colorado.

0:19.0

My name is Katie Scoggan. I've lived in New York City for the last 13 years.

0:24.0

My name is David Rude and I live in Cincinnati.

0:27.0

I am a Gourmet Ice Cream producer.

0:30.0

Basically I'm a symphony musician.

0:32.0

Managing director of a skincare facility.

0:35.0

I am a documentary filmmaker.

0:37.0

They were like all of us a few weeks ago watching the country slowly shut down.

0:43.0

And then all at once they were no longer just spectators.

0:47.0

In a period of about 24 to 48 hours, literally every gig that I had on my calendar was wiped out.

0:54.0

When we were told our distributor is not picking up their last order and that they're not placing any more orders until further notice.

1:02.0

It became very clear that there was no other job that I could go out there to get.

1:07.0

And then when I was informed that Thursday would be my last day on payroll.

1:12.0

All of them suddenly without work, along with more than 3 million other people in America.

1:18.0

On Thursday morning the Department of Labor released its weekly unemployment claims.

1:22.0

Now this never makes the news.

1:24.0

Usually just a few hundred thousand people sign up and nobody talks about it.

1:28.0

But at 8.30 a.m. on Thursday they announced 3 million, 283 thousand people filed new claims for unemployment.

1:37.0

In a week, the worst spike in unemployment the country has ever seen.

...

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