Americans Have Lost 10 Million Jobs Because Of Coronavirus

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Weekly jobless claims surged to a staggering 6.65 million, more than double the 3.1 million expected, for the week ending March 28 as the coronavirus continues batter the American economy—it’s the highest level ever recorded. Weekly jobless claims are a measure of how many people seek temporary unemployment benefits in a given week., versus 1.5 million expected.

Before the currently crisis, the most weekly claims every recorded was 695,000 in 1982. In March 2009, during the height of the financial crisis, claims reached 665,000.; this was before the worst of the coronavirus slowdown hit the U.S. economy. All of those losses came from small businesses , which cut 90,000 jobs; medium and large businesses added a cumulative total of 63,000 jobs. 6.6 million weekly claims means that 2% of the entire U.S. population filed for unemployment last week.“The speed and magnitude of the labor market’s decline is unprecedented,” Constance Hunter, chief economist at KPMG LLP, told the

theothersarahh Australia has lost six million.

theothersarahh No, it's lost way more than that. States can't handle the load of applications for unemployment.

theothersarahh Good morning everyone. Have an amazing day - Abel

theothersarahh Insane!

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