Due to the impact of coronavirus pandemic, more than 3 million people filed for unemployment benefits in USA
The impact of the Coronavirus pandemic has shaken the economic roots of America. More than 3.3 million people have filed for unemployment benefits the previous week in the USA. The economy has been drastically degrading and Americans have never experienced the same ever in their lives.
As per the reports released by the Labor Department on Thursday, the economic toll has been severe due to the impact of coronavirus pandemic. Major sectors of America have been shutting down as the government statistics are keeping the track of the same.
Three weeks ago, more than 200,000 people filed for jobless benefits. The government in these many years has been tracking down the applications where most filed in a single week had been fewer than 700,000.
Executive Director of IHR Markit stated that the entire historical context of the initial claims has never been so close to the stated number.
Jotting down the figures, people have been understating the problem. Some part-time and low-wage workers failed to qualify for acquiring the benefits they applied for. Part of the working class people like the gig workers, independent contractors and the self-employed people also failed to acquire the title.
On the other hand, the emergency aid package was taken into consideration by Congress as per the eligibility criterion. The sheer rush over jammed phone lines and computer serves at the unemployment offices have also led to an obstacle for the people to file the same claims.
Mr Herzon further stated that the number could possibly rise more than the expected and this could be probably seen in the coming week.