In the past 4 weeks there were at least 20 million Americans, who filed for unemployment benefits. News came out yesterday that UK is extending their lockdown by another three weeks. This morning, China has shown the world how badly its economy was affected by the coronavirus and the lockdown measures it was forced to undertake.
U.S. Jobless Claims Remain At Extreme Levels
In the past 4 weeks there were at least 20 million Americans, who filed for unemployment benefits. The reason for that is that companies are laying off people due to the coronavirus pandemic, which swept across the world from the beginning of this year. Although governments across the globe are encouraging companies to try and safeguard people’s jobs, the reality is totally different, especially in the U.S.
The number is a good example of that. Despite yesterday’s figure being slightly lower than the previous two, still, the figure is in millions. The actual number came out at +5245K, beating its initial…