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U.S., Europe jobless claims soar amid pandemic lockdowns

By DAVID CRARY, JOHN LEICESTER and DAVID McHUGH, Associated Press
Published: April 30, 2020, 8:26am
5 Photos
A person walks along a nearly empty street Wednesday, April 29, 2020, in Boston. Job cuts have escalated across the U.S. economy in recent days that remains all but shut down due measures taken to halt the spread of the virus.
A person walks along a nearly empty street Wednesday, April 29, 2020, in Boston. Job cuts have escalated across the U.S. economy in recent days that remains all but shut down due measures taken to halt the spread of the virus. (AP Photo/Steven Senne) Photo Gallery

NEW YORK (AP) — Bleak new figures Thursday underscored the worldwide economic pain inflicted by the coronavirus: The number of Americans filing for unemployment benefits has climbed past a staggering 30 million, while Europe’s economies have gone into an epic slide.

And as bad as the numbers are, some are already outdated because of the lag in gathering data, and the true economic picture is almost certainly much worse.

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