The outbreak of COVID-19 has become both a public health and an economic crisis. In particular, the closure of many businesses has resulted in an unprecedented surge in unemployment claims in the United States.
During the week that ended on September 5, 884,000 people filed for regular unemployment insurance, continuing a devastating trend in the labor market. Since March 15, 60 million individuals have filed a claim.
The coronavirus (COVID-19) pandemic has contributed to a significant budget crunch at the state level that threatens a range of basic government programs and services. Some states were better prepared than others to handle this crisis.