The spread of the pandemic COVID-19 in the United States has affected hundreds of companies, leaving many people out of work.
The Ministry of labor reported that for the week ended March 21, the number of submitted applications for unemployment reached a record 3.28 million against the expected 1.5 million
This figure exceeds the maximum weekly figure to 665 000 in March 2009 during the recession and the record level to 695 000 in the October crisis of 1982.
A wave of unemployment will increase, as the country is growing rapidly, the incidence of new coronavirus COVID-19, of preventive treatment which has not yet been found.
The specified number of jobless claims falls on the last week and at the end of this period, the number of confirmed cases in the United States was only about 9 415. As of Thursday (March 26) the approximate number of people infected has jumped to 69 197 people who are forced to stay home and to comply with quarantine measures.
Tourism industry and airlines are experiencing a dramatic decline because of the ban on international flights and a policy of “closed borders” in many countries seeking to reduce the spread of the epidemic. Suffered company entertainment, catering, manufacturers, and many others.
The Chairman of the Federal Reserve System Jerome Powell today show on NBC, said: “This is a unique situation. People need to understand that it is not a typical recession. You can see a significant rise in unemployment, a significant decline in economic activity. But on the other hand could be a good bounce.”
“At some point we get control over the spread of the virus. Then return the confidence the business will open again, people will return to work,” he added.
This week it is expected the adoption by Congress of the financial aid package of $2 trillion. including payments and lending, including the allocation of $117 billion in health care and huge amounts to support the business. Read more about the items included in the bill, read the article “What measures the bill provides for the US to stimulate the economy by $2 trillion.”
