1.4 million COVID cases in the US.
36 million unemployed cases in the US.
That's 25 unemployed for every COVID case.
Almost 1000 Americans are unemployed for every person not in a nursing home who died from covid19.
Many more are on reduced hours.
A total of 2,981,000 more Americans filed for unemployment insurance last week, bringing the total number of jobless claims filed amid the coronavirus pandemic to more than 36 million, according to the Department of Labor.
Since late March, millions of Americans have lost their jobs as states shuttered their economies to stop the virus's spread.
New unemployment filings peaked at a staggering 6.9 million in the week ending March 28. Weekly unemployment filings still remain in the millions even as the number of Americans filing has been slowly decreasing.
To put into context, the previous record for new weekly unemployment filings was 695,000 in 1982.
"Although the initial deluge of unemployment claims is slowing, the labor market likely has further to fall as states chip away at backlogged claims, and employers navigate reopening amid a continued health crisis," Daniel Zhao, the senior economist at jobs site Glassdoor, said in a statement Thursday.
"We’re not out of the woods yet."RTWT.
No comments:
Post a Comment