40.8 Million Out Of Work In The Past 10 Weeks, 26% Of Labor Force

A Seattle barber shop remains closed because of the coronavirus outbreak on May 19. Last week, an additional 2.1 million people filed for unemployment benefits around the country.A Seattle barber shop remains closed because of the coronavirus outbreak on May 19. Last week, an additional 2.1 million people filed for unemployment benefits around the country.More than 1 in 4 U.S. workers have lost their jobs since the coronavirus crisis shut down much of the economy in March..

Employment dropped steeply in most areas of the country in recent weeks, the Federal Reserve said Wednesday.

Amazing how many people commenting here r clueless on how our economy was a house of cards waiting 4 a black swan event. The only way we'll get out of this is with massive Fed spending on small business & citizens, but sadly Trump will copy Hoover's inaction. TrumpDepression

And the FL CONNECT DEO unemployment system isn’t paying people. GovRonDeSantis

Prior Republican administrations always claimed any welfare should require work, viewing welfare as socialism. So, why we aren’t restarting FDR’s New Deal? Make Republicans who have applied for unemployment work on our aging infrastructure. Socialism

Over 40 million US citizens have filed for unemployment in the last 10 weeks. In perspective, that’s more than the entire population of Switzerland And Denmark And Finland And Norway And Ireland And Greece COMBINED.

You don’t mention the number is down.

That’s because the democrats what to keep cities closed. They don’t want you to work and take care if your families. They want you sucking of the government tit to survive until your dreams and ambition no longer live.

The worst of the Great Depression had 25% unemployment. We’ve now surpassed that. Any sign that this would be a “swift recovery” should be obliterated. We need policies that are going to deal with this head-on, not bluff and bluster that masks the reality of this situation.

I'm sure the comments will be nice and cheerful.

Trumps leadership has protected millions of Americans...

See how the coverage compares against other news outlets on Ground News Politics unemploymentrate Economy Business WashingtonDC

NPR, you’re not allowed to run this article. You’re are directly responsible for spreading the fear that has caused the extended lockdowns directly resulting in these massive job losses. You’re shameless.

Thank you democrats!

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

2.1 million more Americans file jobless claims, bringing coronavirus crisis total to 40 millionBREAKING: Another 2.1 million more Americans filed for unemployment insurance last week, the Labor Department said. This pushes the total number of U.S. workers who have filed jobless claims to 40 million over the last 10 weeks amid the COVID-19 crisis. You couldn’t tell that in the state of FL. Housing market is booming, boat dealers can’t seem to keep any inventory, stores are busy, beaches filled, restaurants have patrons, theme parks are opening freedom Thanks Trump. Good thing he’s busy attacking twitter and golfing
Source: ABC - 🏆 471. / 51 Read more »

Coronavirus infection rates in some parts of L.A. County jails are 40% or higherWith extensive testing for the coronavirus in Los Angeles County's jail system, high infection rates are emerging. bust out like all those dudes in italy And ..... Sounds like the prisoners have several lawsuits to go forward with... The state is responsible for the health and welfare of ALL inmates
Source: latimes - 🏆 11. / 82 Read more »

The 40 Best Disney Songs to Add a Little Magic to Your Life'A whole new woooorrrllllld!' —you for 36 hours straight after reading this.
Source: Cosmopolitan - 🏆 725. / 51 Read more »

SoFi CEO says investor accounts have doubled in 2020, with 40% of stock trading in fractional shares'There are some people that need to build for the future, and they're choosing to invest during these trying times now that they have more time to be home and be more thoughtful about investing,' SoFi CEO Anthony Noto told CNBC. Lucky them! RampCapitalLLC Fractional shares
Source: CNBC - 🏆 12. / 72 Read more »

Workers filed 2.1 million new unemployment claims last week2.1 million Americans filed for unemployment last week. About a quarter of the U.S. workforce, 40.8 million, has applied for jobless benefits during the pandemic. OMG! Why not do a peice on how long it takes for the benefits to be approved. Many in NY are waiting over a month.
Source: politico - 🏆 381. / 59 Read more »