Post
Topic
Board Economics
Re: The number of jobless people has crossed one million in US - worrying sign?
by
Genemind
on 01/09/2020, 21:59:59 UTC
I was scrolling through the news and suddenly read that the number (claims) of jobless people in US had crossed 1.1 million, and in my personal opinion this is bad news for the US economy which is already struggling to bounce back from Covid19 effects.

Furthermore the Democrats have continued to blame Trump for the economic mess that US is currently facing, but the voters yet believe in his ability to stabilise the economy.

What do you’ll think is it right to say that the US V shaped economy won’t recover this year, or it’s only matter of a few months before it recovers?.

Quote

While polls suggest that voter approval of his handling of the economy remains relatively strong, Democrats are blaming him for the crisis.


Source:

https://www.bbc.com/news/business-53852315?intlink_from_url=https://www.bbc.com/news/topics/c1038wnxypvt/us-economy&link_location=live-reporting-story

It's alarming yet the government can't do anything about it either. We're also experiencing the same thing in our country and the worse thing is, the government can't do anything to sustain the needs of employees who have lost their jobs because of the pandemic. It's really for us to survive life during this economic crisis.