Thousands of jobless claims still rolling in
University of Memphis economist John Gnuschke said it will take years, not months, for Memphis to recover from devastating job losses caused by COVID-19.
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University of Memphis economist John Gnuschke said it will take years, not months, for Memphis to recover from devastating job losses caused by COVID-19.
New jobless claims continued to trickle in amid a phased reopening of the Memphis economy after devastating losses caused by the COVID-19 pandemic.
Tennessee reported 5,676 new unemployment claims from the Memphis area in week ending May 30, for total of 97,696 since COVID-19 began causing massive layoffs and business closings.
The number of jobless claims from Memphis and adjoining counties was flat, above 8,200 for the straight second week, as claims statewide and nationally continued to fall.
The ranks of Tennesseans unemployed in the Memphis area grew by another 8,215 people last week, reaching 65,147 since the COVID-19 economic shutdown began in mid-March.
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