More than 3 million Americans filed for unemployment last week

A record-breaking 3.28 million Americans filed for unemployment claims last week, as the coronavirus pandemic shuttered businesses nationwide and ground the economy to a halt.

The massive spike in new jobless claims comes as nationwide lockdowns to halt the spread of the coronavirus pandemic have kept Americans from their workplaces, grinding businesses to a halt and forcing many companies to shutter or to lay off staff.

These numbers are just "the tip of the iceberg," said Diane Swonk, chief economist at Grant Thornton, noting that these figures do not even include data from this week.

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