More than 6.6 million Americans filed for unemployment benefits last week as the coronavirus pandemic's toll on the economy mounts. Jobless claims, the best measure of layoffs across the country, continue to surge, topping the 5.5 million economists surveyed by Bloomberg had forecast. Ref. USAToday.
I am on unemployment right now. I am getting about half of what I make weekly. I'm not sure what will happen with that if I do not go back to work the first week of March. Those that are still working are only working a handle of hours a week at my work, making even less than I am on unemployment.
International Level: Junior Politician / Political Participation: 58 5.8%
The US unemployment rate surged to 14.7% in April, with 20.5 million jobs lost, the bleakest picture yet of damage caused by the pandemic. April’s dramatic numbers reflect the nation’s response to its worst health crisis in a century, as businesses closed and Americans stayed home to curtail the spread of the virus. Ref. USAToday.
Unfortunately, we'll have to keep this rate or an even larger rate for the safety of the residents of our country. We'll see if it helps or not.
International Level: Junior Politician / Political Participation: 58 5.8%
US unemployment eases to 13.3% in May, lower than experts projected, as employers add 2.5 million jobs. The figures show a turnaround in the labor market as businesses rehire many of the workers they laid off or furloughed during COVID-19. Ref. USAToday.