Post
Topic
Board Economics
Merits 1 from 1 user
Re: The number of jobless people has crossed one million in US - worrying sign?
by
philipma1957
on 23/08/2020, 15:10:35 UTC
⭐ Merited by Darkoth89 (1)
That was seriously alarming to think that the number of unemployed people in

US have already reached more than a million all due because of the existing covid-19

pandemic that have caused the business establishments, offices and other workplaces to temporarily close for awhile to prevent the further spread of the virus that can be potentially gained on places where there is a large scale of working people sharing on a working area.

For sure not only US is experiencing that thing because honestly here in our country around 42% of people are unemployed because of the same reasoning. This is bad because this drag down the productivity rate of the country which also pulls out and brought economic declination in our country. At that rate the US and even other countries facing the threat of pandemic, we have nothing else to do but just to follow the "new normal" approach to somehow lessen the rate of unemployment since business establishments and other work places are already allowed to get back into operation but just for around 30 to 50 percentage working capacity that is already good to somehow boost up to progress the economic state of the country and help some people to get back to work minimizing the amount of jobless people.

Hey this is so wrong it is silly.

 The amount of people that lost their jobs due to covid-19 in the USA  not 1 million or 2 million  or 3 million our 4 million. how about 20 million up from 6 million.

Please fix your title

Quote
...

https://www.pewresearch.org/fact-tank/2020/06/11/unemployment-rose-higher-in-three-months-of-covid-19-than-it-did-in-two-years-of-the-great-recession/The COVID-19 outbreak and the economic downturn it engendered swelled the ranks of unemployed Americans by more than 14 million, from 6.2 million in February to 20.5 million in May 2020. As a result, the U.S. unemployment rate shot up from 3.8% in February – among the lowest on record in the post-World War II era – to 13.0% in May. That rate was the era’s second highest, trailing only the level reached in April (14.4%).

The rise in the number of unemployed workers due to COVID-19 is substantially greater than the increase due to the Great Recession, when the number unemployed increased by 8.8 million from the end of 2007 to the beginning of 2010. The Great Recession, which officially lasted from December 2007 to June 2009, pushed the unemployment rate to a peak of 10.6% in January 2010, considerably less than the rate currently, according to a new Pew Research Center analysis of government data.   ...

note this dates to June 11 2020, but it is so much higher then  the 1 million you are tossing out there please change the title.  Use 10 million. as it is most likely far better then the 1 million you are using.