Unemployment report shatters record with 3.28 million Americans filing claims

The Senate passed a $2T historic stimulus package that will include $250 billion in checks to families struggling under the weight of layoffs and statewide lockdowns.
5:30 | 03/26/20

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Transcript for Unemployment report shatters record with 3.28 million Americans filing claims
U.S. Needs to prepare for another cycle of coronavirus. You've got to understand that you don't make the timeline. The virus makes the timeline. Reporter: Back here in queens, a spokesperson for the hospital behind me says they have transferred at least 30 patients to other facilities in the area to try to alleviate the challenges here, but again, new York state is preparing for this problem to get worse before it gets better. Robin? Being prepared. All right, whit. Thank you. George? Okay, robin. Now to that breaking news overnight from Washington when the senate unanimously passed the largest package in history. Just before we're expecting to see the highest rise in unemployment claims in history. Our chief economic correspondent Rebecca Jarvis is tracking it all. Good morning, Rebecca. Reporter: Good morning, George. It is a stimulus package urgently needed across the country. To put this all in perspective, if the number of Americans who filed for unemployment insurance last week hits the 3 million mark as many predict, it will be the largest number on record, and the equivalent of the entire city of Chicago being out of work. It's good news for the doctors and nurses. The bill is passed. Reporter: A $2 trillion stimulus package including $250 billion in checks going directly to families struggling under the weight of soaring layoffs and statewide lockdowns. It's honestly been a disaster. Both of us have lost our jobs. Reporter: Two weeks ago, Jamie Gabel was a physician's assistant. His wife, Christina, a hairdresser in New York. They were gainfully employed before both their jobs vanished. Now we're scrambling to figure out how we can pay our bills. We have two children, one with -- an adult with a mental disability. He has autism, and just what's happening for him is all his programs shut down. Reporter: And it's happening across the country. How am I going to make rent? How, you know, bills, you know, student loans. Just nine days before the shutdown happened, we made about $32,000. That's kind of our norm in that stretch to zero. Are we going to be able to afford to buy food? Are we going to be able to pay our rent at the end of the month? Reporter: The top trending questions on Google, who will get that stimulus money and those making $75,000 or less will receive $1,200. Maried couples getting $2,400 and $500 for each child. Those getting out as early as April 6th. If you filed your taxes lek electronically, it will get to you faster likely by direct deposit. The number of layoffs in this country may not even be fully reflected considering the fact that the very systems that people are applying for unemployment insurance through have been breaking down this week, and a number of people may just not have filed yet, George. The numbers predicted to continue climbing. Rebecca, that is why some economic experts are saying even though this is the biggest rescue package ever, it may not be enough. Reporter: It may not be enough, George, and that is a big concern because we still haven't seen every state close in this country, because there are certain employers that have still held onto their employees. The question is, how long can they do it, and for families struggling like Jamie and Christina who we just heard from there in this piece, that $1,200 check might not even cover what they have to pay on April 1st. George? Rebecca Jarvis, thanks very much. Let's go to Terry Moran covering the white house. The president has banked his presidency on the strength. He's pushing so hard to get the states to reopen as quickly as they can. Reporter: There's no question about that, George. In the great debate that's happening between saving as many lives as possible, and saving as much of the economy as possible, the president is clear. He's coming down ongoing with the economy as much as can be done right now. Last night after the senate passed that bill, a tweet from the president, congratulations, America, still awake at that hour and tweeting. He's watching the markets rally now. He sees that not as evidence of volatility, but as evidence that he's right, and he's talking to businessmen who are affirming that. He is, however, striking a slightly more cautious note, George. He's saying the country can maybe open section by section, and he says he will listen to his public health advisers, Dr. Fauci, Dr. Birx and others. The problem is there's no evidence that that would work either economically or in terms of the virus. The president did not repeat that Easter goal at least after the press conference. The president is striking a more harsh tone blaming the media and his enemies for focusing on this Reporter: That's right. He's on Twitter a lot, George, in the middle of this pandemic. You can just look at his timeline and see he's retweeting a lot, going after his political enemies and after the media of course, blaming the mainstream media as the dominant force. He says this would be detrimental to my election success. Voters will judge him on the

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