US weekly jobless claims hit 5.2 million as coronavirus layoffs continue - Business Insider

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Coronavirus has now wiped out all the jobs created since the Great Recession

The last month has been particularly painful as it represents a period when most states in the US banned nonessential business and encouraged people to stay at home to curb the spread of COVID-19. There is some help on the way. At the end of March, President Donald Trump signed a $2.3 trillion coronavirus package, called the CARES Act, to provide relief to Americans and businesses impacted by the crisis.

The expanded unemployment benefits from the CARES Act could boost jobless claims over the coming weeks because more people are now eligible, according to economists at Bank of America. In addition, claims may remain elevated as states continue to work through massive backlogs of people struggling to get through the system.

Last week's report showed that people in industries even outside leisure, service, the arts, and restaurants had started filing unemployment claims. Unemployment filings were also seen from the manufacturing, healthcare, construction, transportation, and warehousing sectors.

 

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Change the US President jobless claims will be reduced!

..!!!!!

China

Well, Trump’s been trying to undo everything Obama did, so... mission accomplished... I guess.

Making America Great .... after correcting for disastrous lack of preparation

Jobs that will come back when the country reopens.

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