Post
Topic
Board Economics
Merits 2 from 1 user
Re: Rise in US unemployment. Thoughts?
by
perfect999
on 01/08/2020, 06:43:11 UTC
⭐ Merited by fillippone (2)
As detailed in below article, US unemployment rate is right now worse than The Great Recession, which officially lasted from December 2007 to June 2009.

Unemployment rose higher in three months of COVID-19 than it did in two years of the Great Recession
Also makes me wonder how China never faced these problems because they were the first victim of covid-19 and they should be shattered by now but instead they are only ones who look positive towards normality, because USA was considered to have the biggest and best economy and if they dropping like that, what is the real reason behind other economies not falling as much. I know everyone is going through worst times but how come US being the worst hit nation when they have even offered schemes to pay citizens a fixed amount, I am sure there was a bill or something like that.

The way US has been ruined by this pandemic makes me wonder is actually US had a solid economy or they just hide their vulnerabilities to make themselves look strong. I also think some poor decision making is also responsible for the fall of economy though.