Reuters
The Labor Department reported on Thursday that 5.2 million Americans filed for unemployment insurance in the week that ended April 11.
- More than 22 million jobless claims were filed over the last four weeks, setting a record for that period of time.
- Still, more than 47 million Americans could lose their jobs in the second quarter as a result of the novel coronavirus pandemic, according to the Federal Reserve Bank of St. Louis.
- If you were recently laid off or furloughed, or suspect you may be soon, here's what human resources and retirement experts want you to know.
- For example, you should know where to access your state's unemployment application and make sure to ask your employer about health insurance benefits.
- Visit Business Insider's homepage for more stories.
Mass layoffs and furloughs have led to more than 22 million jobless claims filing for unemployment in the past four weeks, and the worst may be yet to come. More than 47 million Americans could lose their jobs in the second quarter because of the novel coronavirus pandemic, according to a recent study from the Federal Reserve Bank of St. Louis.
So what should you do if you fear you might be one of the many laid off? It's a topic no one wants to talk about. But in uncertain times, it's a good idea to organize the documents and information you need in case you get let go.
Business Insider compiled a list of eight things to know from human resource and retirement experts. These tips are helpful for both people who have been laid off, are are now without a job, as well as people who have been furloughed, or have been forced to take an unpaid leave of absence from work.