The U.S. economy continues to shed jobs at a jaw-dropping pace, and there’s little sign the payroll losses will ease significantly anytime soon amid the spread of the coronavirus pandemic.
"Hideous," Ian Shepherdson, chief economist of Pantheon Macroeconomics, said starkly of the new figures. The weekly figures dwarf the previous record of 695,000 weekly unemployment applications during a deep recession in October 1982. The couple, who have two children, have cut out the family breakfast and rely on a food bank for some meals. The bank agreed to defer their mortgage payments for three months, but Martha worries they’ll then owe a hefty sum. The family seeks state aid to pay their utility bills.
Last week, 925,000 workers filed claims in California, just below the prior week’s 1 million. There were 388,000 claims in Georgia, three times the previous week’s total; 385,000 in Michigan; 345,000 in New York; and 314,000 in Texas. As a result, she said, a growing number of businesses may let workers go, knowing they’ll be covered financially, at least for a few months.
Geez, what happened over the last month?
Thank you China ChinaLiedAndPeopleDied ChineseVirus WuhanCoronaVirus ChinaLied
And yet realDonaldTrump stevenmnuchin1 hasn’t released the funds so people can get the boost monies from UIB.
A consequence of failed leadership.
Very Depressing
Thank you realDonaldTrump !!! You’re right I *am* tired of all this winning !!
Quit laying people off Gannett and maybe that number wouldn't be so bad azcentral
sounds like the perfect time for more BillionaireSocialism
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Source: USATODAY - 🏆 100. / 63 Read more »
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Source: USATODAY - 🏆 100. / 63 Read more »
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