• Login
Saturday, September 23, 2023
THE VIEW
PRESSREELS
  • New SoundsHighlight
    • WW MUSIC
    • THE VIEW
    • INTERVIEW
    • Original
      • Review
      • Video
  • Discovery
    • CELEB
    • Media
    • Music
      • POP
      • Latin
      • K-POP
      • Industry
  • LifeStyle
    • Fashion
    • Foods
    • Mind
    • Diet
  • Business
    • News
    • U.S.
    • Asia
      • China
      • Japan
    • UK
  • California
    • Local
    • National News
    • Consumer
    • Public safety
    • Sports
    • Entertainment
PRESSREELS
  • New SoundsHighlight
    • WW MUSIC
    • THE VIEW
    • INTERVIEW
    • Original
      • Review
      • Video
  • Discovery
    • CELEB
    • Media
    • Music
      • POP
      • Latin
      • K-POP
      • Industry
  • LifeStyle
    • Fashion
    • Foods
    • Mind
    • Diet
  • Business
    • News
    • U.S.
    • Asia
      • China
      • Japan
    • UK
  • California
    • Local
    • National News
    • Consumer
    • Public safety
    • Sports
    • Entertainment
PRESSREELS
unemployment

More than 3 Million People Filed for Unemployment in the US

Samuel WaynebySamuel Wayne
Mar 26, 2020 3:46 pm KST

There is a very substantial amount for Americans currently filing for unemployment amidst the global coronavirus pandemic since last week, as most of the business establishments shut down to curb the spread of the disease.

As of March 21, the number of unemployed cases rose to 3.28 million, according to the department of labor.

This proves to be so far the highest number of jobless claims in the history of the country, since the recording of the data that was in 1967.

According to Glassdoor economist, Daniel Zhao, “Most historical comparisons of this scale are inadequate. The closest would be natural disasters like major hurricanes. However, as today’s report shows, the coronavirus outbreak is economically akin to a major hurricane occurring in every state around the country for weeks on end.”

Before this coronavirus pandemic started, jobless claims were averaging about 200,000 each week. At this moment, it is 282,000 claims. Since the start of the outbreak, some of the business has shut down already, and others have laid off their workers temporarily.

The problem with this pandemic as to economic distress is that this coronavirus outbreak is so sudden and left every industry and business in distressed.

Many economists are expecting that millions will be unemployed in the coming weeks. According to a forever chief economist from the Department of Labor, Heidi Shierholz, “We estimate that by summer, 14 million workers will lose their jobs due to the coronavirus shock.”

The Labor department all over the US is now struggling for the influx of claims for unemployment benefits.

The department in New York needed to hire 65 more additional staff for handling all the claims which start to come. Florida will also hire 100 more employees to go through the application process.

The Great Recession in 2019 had its peak number of 665,000, and the highest so far was 695,999 in 1982.

Last week was higher than expected.

According to Tom Gimbel, “We’ve known this number was coming for a week and a half. It doesn’t surprise me at all. When you see a city like Las Vegas get shut down, I don’t know what other options there were, then seeing a number like this.”

Federal Reserve Chairman Jerome Powell said, “This is a unique situation. People need to understand, and this is not a typical downturn. At a certain point, we will get the spread of the virus under control. At that time, confidence will return; businesses will open again; people will come back to work. So, you may well see a significant rise in unemployment, a significant decline in economic activity. But there can also be a good rebound on the other side of that.”

These numbers could cause a lot of backlog of the unemployment applications.

Others would still need their initial claims from the past weeks.

Policies may differ from state to state, but self-employed people, independent contractors, and freelancers are not eligible for unemployment benefits.

Part-time workers also cannot apply for unemployment benefits.

Read More: ‘Top Chef’ Floyd Cardoz Passed Away Due to Coronavirus

Previous Post

‘Top Chef’ Floyd Cardoz Passed Away Due to Coronavirus

Next Post

Crocs is Giving Away Shoes to 10,000 Health Care Workers

Samuel Wayne

Samuel Wayne

Samuel brings 6 years of experience in helping grassroots and mid-sized organizations to strengthen their management and resource generating capacities and effectively plan for the future. He is also a tech geek and loves writing on tech and sharing his opinions with the world. You can contact him at Samwayne92@gmail.com

  • New Sounds
  • Discovery
  • LifeStyle
  • Business
  • California

PRESSREELS is a future-oriented entertainment lifestyle brand that provides various content while being a media platform covering the United States and the United Kingdom.

DMCA.com Protection Status

A Part of Saint Modern Communication
© 2021 Saint Modern Communication. All rights reserved. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. PRESSREELS.com may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. The material on this site may not be reproduced, distributed, transmitted, cached, or otherwise used, except with the prior written permission of Saint Modern Communication. Ad Choices

PRESSREELS

ABOUT US
CONTACT US
CONTRIBUTOR
  • New Sounds
  • Discovery
  • LifeStyle
  • Business
  • California

PRESSREELS is a future-oriented entertainment lifestyle brand that provides various content while being a media platform covering the United States and the United Kingdom.

PRESSREELS

ABOUT US
CONTACT US
CONTRIBUTOR
DMCA.com Protection Status

A Part of Saint Modern Communication
© 2021 Saint Modern Communication. All rights reserved. Use of this site constitutes acceptance of our User Agreement and Privacy Policy and Cookie Statement and Your California Privacy Rights. PRESSREELS.com may earn a portion of sales from products that are purchased through our site as part of our Affiliate Partnerships with retailers. The material on this site may not be reproduced, distributed, transmitted, cached, or otherwise used, except with the prior written permission of Saint Modern Communication. Ad Choices

© 2017 – 2023 PRESSREELS.COM Magazine. All Rights Reserved.

  • New Sounds
    • WW MUSIC
    • THE VIEW
    • INTERVIEW
    • Original
      • Review
      • Video
  • Discovery
    • CELEB
    • Media
    • Music
      • POP
      • Latin
      • K-POP
      • Industry
  • LifeStyle
    • Fashion
    • Foods
    • Mind
    • Diet
  • Business
    • News
    • U.S.
    • Asia
      • China
      • Japan
    • UK
  • California
    • Local
    • National News
    • Consumer
    • Public safety
    • Sports
    • Entertainment

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Copyright Notice.

All Rights Reserved.

All material appearing on the PRESSREELS website ("content") is protected by copyright under U.S. Copyright laws and is the property of PRESSREELS. You may not copy, reproduce, distribute, publish, display, perform, modify, create derivative works, transmit, or in any way exploit any such content, nor may you distribute any part of this content over any network, including a local area network, sell or offer it for sale, or use such content to construct any kind of database.