This week’s unemployment report from the Bureau of Labor Statistics was released yesterday with new jobless claims setting an all-time record. In the wake of the COVID-19 pandemic shutting businesses down across the country, the BLS reported a seasonally-adjusted total of just under 3.3 million individuals filed new claims for the week ending March 21, 2020. The previous high water mark for new weekly claims filed was 695,000 back in October of 1982. Last week’s total of new claims was adjusted up to 282,000. The unemployment rate for the month of March will not be released until next week, but due to the coronavirus crisis and the devastation it has wrought on the US economy, some economists are predicting it will ultimately climb as high as almost 13% by the end of the second quarter.