The US unemployment rate has probably risen to 5.5 percent - a rate that
has not been seen since 2015. Nearly 3.3 million American records applied for unemployment benefits last week,
the Department of Labor said on Thursday, as restaurants, hotels, mussels,
gymnasiums and others closed in efforts to reduce the spread of deadly coronavirus. Last week there was a huge jump of new useless claims in the history of the USA. Paid employees said they waited several hours on the phone to apply for help. The country's unemployment rate was 3.5 percent in February, the lowest by 1,000,
but it may have risen to 5.5 percent, according to Gimbel's calculations.
The nation has not seen that level of unemployment since 2015.
The Senate passed its largest aid package on Wednesday in an effort to help
disadvantaged American workers, businesses and hospitals during this
unprecedented economic crisis. The law includes checks for $ 1,200 for
most Americans and additional workers' wages.
Although there are shocking news about the downsizing workers,
the stock market increased on Thursday when the industry average
Dow Jones gained 400 points, or nearly 2 percent. Investors in
Wall Street have cheered the Senate's massive aid packs. Investors
hope that a united fund of employees and companies will prevent
the recession from becoming a long-term depression similar to the
country in which it occurred in the 1930s. Layoffs are up for grabs after President Trump announces that there
are no more than 10 people to meet at one time, forcing restaurants
and other public places to be closed. But many health experts say it
is necessary to keep people at home to reduce the spread of the virus
and prevent people from dying. During the Great Recession .. the
worst week for worthless claims was 665,000. Last week the nation
saw five times. Most employees are not allowed to apply for unemployment benefits,
which means that the true number of current appointments for a
coronavirus is just over 3.3 million. Self-employed .igig workers.
Unregistered employees,., students, and persons who worked for
less than six months last year are not allowed to apply for
unemployment insurance in most states.
But there is concern that the money may not be coming soon enough
. Many employees who have lost their jobs or have had their work cut
short are worried about paying their April rent, car payments and
health insurance costs. The average monthly unemployment check is $ 385 a week, which is
less than half of the average weekly pay in the United States. The bill
is said to raise an additional $ 600 a week if Trump signs the bill to help,
with the biggest increase being attributed to layoffs as they are forced to stay home.
here is concern that the money may not be coming soon enough . Many employees who have lost their jobs or have had their work cut short are worried about paying their April rent, car payments and health insurance costs.
IIT Kanpur Cutoff For Mba:- IIT Kanpur Recruitment for Senior Project Associate
5 Comments
There is a lot government needs to do to fix the crisis from this covid19. But the primary focus should be the workers not the corporate.
ReplyDeletesocial media verve
https://happyrakshabandhanstatus2020.blogspot.com/2020/05/happy-raksha-bandhan-images-2020-rakhi.html
ReplyDeletevery nice information
ReplyDeletekeep it up
here is concern that the money may not be coming soon enough
ReplyDelete. Many employees who have lost their jobs or have had their work cut
short are worried about paying their April rent, car payments and
health insurance costs.
IIT Kanpur Cutoff For Mba:- IIT Kanpur Recruitment for Senior Project Associate
https://www.technotipstricks.com/2020/05/iit-kanpur-cutoff-for-mba-iit-kanpur.html
Now , everyone need a job.
ReplyDeleteInstead of finding job do something creative. And this creativity will make you Billionaire.