More than 33 million Americans have lost their jobs in the past 7 weeks, roughly 1 in 5 of the workforce. It is a devastating turnaround for a country whose jobless rate was at a 50 year low just 8 weeks ago. Meanwhile France will begin lifting what has been one of the strictest lockdowns in Europe on Monday. Most businesses will reopen and people will be allowed to leave home without a permit.
Showing posts with label mass unemployment. Show all posts
Showing posts with label mass unemployment. Show all posts
Thursday, May 7, 2020
Coronavirus: US in crisis as 33m Americans lose their jobs
More than 33 million Americans have lost their jobs in the past 7 weeks, roughly 1 in 5 of the workforce. It is a devastating turnaround for a country whose jobless rate was at a 50 year low just 8 weeks ago. Meanwhile France will begin lifting what has been one of the strictest lockdowns in Europe on Monday. Most businesses will reopen and people will be allowed to leave home without a permit.
Wednesday, May 6, 2020
Why we're seeing mass layoffs in the US but not the UK
Millions of Americans have lost their jobs in the coronavirus lockdowns. But it didn't have to be that way -- and it's not too late for the US to change course.
Few Americans alive today have ever seen jobless numbers as bad as they are right now. At the end of April 2020, economists estimated that between 13 and 18 percent of US workers were unemployed. It's the highest rate since the Great Depression.
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