Layoffs are sure to accelerate as the USA economy sinks into what most economists expect to be deep and painful recession.
Economists say this is the beginning of a massive spike in unemployment; more than 40 million Americans could lose their jobs by April.
And the level was astronomical compared to the prior week's 282,000 claims, and the 190,023 initial claims filed during the comparable week in 2019.
Additional information about the state's jobless claims, including regional and industry data, is forthcoming, the department said. "We all know we're not at the peak of this yet".
The majority of processed claims in OR have come from the leisure and hospitality sector as restaurants and hotels close OR scale back their operations.
Earlier this week, Gov. Michelle Lujan Grisham ordered the closure of all "non-essential" businesses statewide.
NY is the state hit hardest by the pandemic. "That may be too optimistic".
A new video from the Employment Department shows step-by-step details for filing an online claim. That's an increase of 65,020 from the 15,480 claims that were filed in the same week previous year, according to the New York State Department of Labor.