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Home Movie News Unemployment in US Unseen Since Before the World War-II

Unemployment in US Unseen Since Before the World War-II

Sridhar Raavi
•
By Mirchi9
•
April 10, 2020
Buzz

Unemployment-in-US-Unseen-Since-Before-the---World-War-II

The United States had registered 16 Million Layoffs in the past three weeks as the coronavirus pandemic brought the US economy to a standstill. More than 6.6 million Americans lost their jobs last week. Layoffs that started in the restaurant and leisure industries have now spread to include manufacturing, construction, and even healthcare.

Economists of the country expect the unemployment rate to be at 15% or higher which is never seen since before the Second World War. California, New York, Michigan, and Florida in that order are the highest in terms of unemployment. During the recession in 2008, unemployment reached close to 10%.

Unemployment is expected to rise further in the coming weeks. Some economists are hopeful of a sharp bounce back but that will depend on government action and a coherent plan to safely reopen the economy. As of now, the Government had been pumping money into the economy at regular intervals but until the mayhem is finished, we do not arrive at a clear picture.

The Number of Cases is inching towards the 5,00,000. The University of Washington’s Institute for Health Metrics and Evaluation model earlier predicted 82,000 fatalities by August 4th but now it scaled down its projection to more than 60,000 which will come as a relief.

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VIRAL TWEETS

Ys Jagan criticising YS Jagan.

“ప్రత్యేక హోదా కోసం ముఖ్యమంత్రి స్థానం లో ఉండి పోరాడాల్సిన మనిషి పోరాడట్లేదు “ pic.twitter.com/skHVNphSz3

— Bhavya (@unexpected5678) January 26, 2021

#Master likely to stream on Amazon Prime on 28th!!

We'll reveal the Master-Prime deal @Binged_ soon

Check our tweet from 24th https://t.co/Ajo4yG7njK

— BINGED (@Binged_) January 26, 2021

స్వాతంత్రం వచ్చిన రోజు స్వాతంత్ర్య దినోత్సవం జరుపుతారు కాబట్టి, రిపబ్లిక్ గా ప్రకటించిన రోజున రిపబ్లిక్ డే జరపరు సార్. మీ నిరారక్షత సౌద్దన్నం మా మునగడకి ప్రమాదం అయ్యేలా ఉంది. ఇవ్వక ఇవ్వక ఒక లైవ్ స్పీచ్ ఇస్తే అందులో ఇలాంటి జ్ఞాన గుళికలు. pic.twitter.com/sO8oBWtXr7

— Anitha Vangalapudi (@Anitha_TDP) January 26, 2021

Yesterday, I attended a wedding of this FAB human from my divorce support group. Her 9 year old son said "I'm so excited amma is getting married, now we can all be one big family"

If this isn't hope, then what is? Heart is a PUDDLE. #happilyremarried #divorceisnormal pic.twitter.com/kzaaXG7nwi

— Shasvathi Siva (@shasvathi) January 25, 2021


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