Date Published: March 26, 2020
As coronavirus continues to spread and government measures to limit its spread continue to escalate, unemployment claims in the United States have skyrocketed to an unprecedented high of 3.3 million. Service industry jobs, such as accommodations and food services, were the most affected, experiencing the highest numbers of unemployment. Some of the highest number of unemployment claims came from the states that were hit particularly hard by coronavirus such as New York. The $2 trillion Senate coronavirus package that was passed last Wednesday hopes to provide some relief and support in the form of lengthening unemployment coverage and providing an additional $600 per week on top of state benefits. Economists and analysts predict unemployment rates will continue to increase and estimate a loss of 14 million jobs by the summer.
Read the full article here: https://www.politico.com/news/2020/03/26/unemployment-claims-numbers-release-150052
Summary by: Angus Lau