Last week, an unprecedented 3.2 million Americans filed for unemployment insurance, with Wisconsin and the Door Peninsula following that trend. The previous record for a week was 695,000 claims in 1981. Unofficial data from the Wisconsin Department of Workforce Development suggests applications continue to skyrocket, at nearly 20,000 new filings each day. Leslie Boden, Director of Money Management Counselors, says the abrupt change in the country’s economic fortunes can be a clarifying moment for her clients.
Boden says Money Management Counselors will have to delay rolling out an Algoma office until economic uncertainty, and the new wave of demand it creates for the organization, dies down.
