US Unemployment rate

now browsing by tag


US unemployment results hit 33.3 million amidst virus

A further 3.2 million Americans search for unemployment benefits last week as the economic toll from the coronavirus pandemic continued to ascend.

The new applications brought the toll of jobless claims since mid-March to 33.3 million- or about 20% of the US workforce.

The toll of new claims confirmed each week by the Department of Labor has moderated since hitting a peak of 6.9 million in March.

But they remain extraordinarily high.

And the number of people having benefits has continued to rise, in spite recent moves to start re-opening in some parts of the country.

“The significant rise in continuing claims … is a little disappointing since it suggests few people are being recalled to work,” said Paul Ashworth, chief US economist at Capital Economics.

The impact has been felt through out the economy, disturbing medical practices, restaurants and administrative workers among many others.

Source___BBC News

Copyright © 2014-2024 Afrinity Productions.

Powered By SML Media
| KABBO Theme by: D5 Creation | Powered by: WordPress