US unemployment could hit 32%, St Louis Fed says

Unemployment insurance claims see greatest ever post-war rise


US unemployment figures made their greatest ever post-war rise on March 26, but research published by the Federal Reserve of St Louis said they could hit even higher levels.

The number of US workers claiming Federal unemployment insurance rose to 3.28 million in the week ending March 21. This was an increase of three million claimants from 282,000 the previous week, according to the government’s Labor Department.

The rise came as the coronavirus pandemic began to have an economic impact. The

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account