30 million have sought jobless aid of the United States Since the outbreak began Crown

(Washington) – More than 3.8 million laid-off workers for unemployment benefits last week applied as the US economy slipped further into crisis that wins the most devastating since 1930. About 30.3 million people have now filed for unemployment assistance in the six weeks since the epidemic began crown force millions of employers to close their doors and to reduce their workforce. The more people together than to live in New York and the metropolitan areas of Chicago, and is on record by far the worst series of layoffs. It adds in six American workers to more than one. With more employers to save money by cutting payrolls, economists have predicted that the unemployment rate could go in April to 20%. This would be the highest rate since it reached 25% during the Great Depression. This week the government has estimated that the economy shrank at a 4.8% annualized in the first three months of this year, the strongest quarterly decline since the financial crisis of 2008. However, the picture is likely to get much worse: The economy contracted in the April-June-quarter is expected up to 40% on an annual basis. No previous quarter was almost as weak as the government began such records after World War II to hold. As companies across the country have closed and lay off tens of millions of workers, the economy has fallen into a near paralysis in a matter of weeks. Factories, hotels, restaurants, department stores, cinemas, and many small businesses are closed. falling home sales. Households cut spending. Consumer confidence falls. Some signs that the viral outbreak may have, at least in some areas of the country have reached a plateau some governors took preliminary steps to begin to open again their economies. But polls show that a large majority of Americans remain cautious return business, travel and other normal business activities. This suggests that many industries struggling with lower revenues for weeks or months to come and perhaps not readjust able redundant workers.
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