Covid-19 outbreak: unemployment in the US USA Exceeds 10%
WASHINGTON: Unemployment In the United States after the outbreak, it shot up more than 10 percent on Thursday with 6.6 million new claims filed during the week, up from 6 million the week before and 3.3 million the week before. The staggering unemployment numbers came even as President Trump and his economic team struggled to restart the economy amid signs that the pandemic is shrinking due to mitigation efforts, and experts suggest that sharpening efforts in specific areas could allow a gradual return to normal.
In fact, Trump's key advisers, including Treasury Secretary Steve Mnuchin and White House Economic expert Larry kudlow He went on to say that the economy could reopen in May, and certainly in four to eight weeks, even as deaths in the United States began to peak. The US death toll closed Thursday at 16,000, but the eventual loss is expected to be well below the projection of 100,000 made last week, with the peak date set to April 12, the same Easter Sunday that Trump had wanted to reopen the country for business.
Such has been the reduction in the death count, attributed to strict social distancing and confinement, that some states and cities have drastically revised the amount and quantity of medical equipment needed, and in one case even dismantled a field hospital that they erected with anticipation of a dire rebound in infection rates. Although the virus is reaching new rural and isolated areas in the Midwest, it appears to have been largely contained in California and the state, both economic centers on the west coast.
Still, despite improved prospects for a return to normality on the health front, imbued with ongoing sociological and behavioral changes, the new unemployment figures indicate that the US economy. USA It has taken a heavy hit, with more than 10 percent of its 164 million workforce. commission for the pandemic. With 16.8 million Americans filing for unemployment in the past three weeks (and more to come because there are still layoffs and filing claims with blocked phone lines and websites), the country faces the worst unemployment rate since the Great Depression when unemployment rates rose to 25 percent.
That situation lasted a long time, almost a decade. President Trump is hopeful that, in this case, the economy can bounce back on steroids and that change will be quick. Thursday Federal Reserve It unveiled plans to provide up to $ 2.3 trillion in loans to support households and local governments, including a Main Street loan program that it says will support up to $ 600 billion in loans tied to small and medium-sized businesses. The news fueled another recovery in the stock market despite the terrible news on the labor front.
Still, dangers persist on the healthcare front, and experts warn about relaxing too soon and discontinuing mitigation methods. There is also concern over reports from China, Korea, and Japan about people who got over the virus the first time, testing positive again, putting a question mark in the immunity defense argument.
But the biggest immediate threat comes from religious groups, with conservative leaders and Christian and Jewish fundamentalist figureheads struggling to break free from isolation and social estrangement for a week on Easter Sunday and Easter.
Kansas lawmakers want to revoke a limit on social gatherings so people can go to church on Easter Sunday, even when a Louisiana pastor insisted that true Christians don't mind dying of COVID-19 if they are infected at church and promised to continue to maintain services despite facing criminal charges
This despite copious evidence that nonessential social gathering constitutes a reckless danger to the public. Health authorities have traced some of the largest and deadliest outbreaks to large groups, from office meetings to funerals, birthday parties and religious congregations.
In fact, Dr Anthony Fauci, the infectious disease expert who led the battle against the pandemic, suggested a permanent change in social etiquette standards, including the idea that people should give up shaking hands as a way to greeting.
But the United States' right has been busy mocking the much-fought and still incomplete victory by suggesting that the dangers of the pandemic were exaggerated and part of a conspiracy to undermine the United States and its economy. A right-wing expert, former Fox News presenter Bill O'Reilly, caused great outrage by arguing that those who died of coronaviruses were on their last legs anyway.