In the US are beginning to understand: The economic recovery will last for many years! Across the country opens…
About 870 people across the United States have applied to the unemployment bureaus in the various states for the first time in the past week, according to employment data from the Department of Labor in Washington.
It is important to emphasize that this figure refers only to what is defined as an "initial application", and in practice there are close to 13 million additional residents who submitted an "ongoing application" - ie unemployment claim for two weeks or more (down from about 13.4 million unemployed two weeks ago) .
Although this is a slight increase from the previous week, the figure is probably even higher in reality, as the California Department of Employment Development (EDD) has announced that it will stop receiving new applications until October 5, out of a desire Handle hundreds of thousands of old inquiries that have accumulated in the system.
Businesses in most US states have already been allowed to reopen, but there are a number of industries - including restaurants, airlines, hospitality and more - that are still light years away from their routine level of activity. If that's not enough, the uncertainty looming over these industries - especially the airlines preparing for a huge wave of layoffs at the end of the month - continues to slow the economic recovery of the entire American economy.
Link to the original post on Facebook - Works on a desktop computer (To view the post must be members approved for the forum)
Responses