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- The unemployment rate in the United States rose to 14.7 percent in April as a result of the coronavirus pandemic.
- That is the highest value since the beginning of the records, as announced by the US government. USA
- Before the beginning of the crisis in February, the unemployment rate was 3.5 percent, in March it increased to 4.4 percent.
In the United States, more than 33 million people have applied for unemployment benefits for the first time since March due to the Corona crisis. The April unemployment rate only records the situation until the middle of the month due to a delay in data collection. Therefore, the rate is unlikely to reflect the full extent of the labor crisis.
In the history of the United States, there was only a higher unemployment rate during the Great Depression in the 1920s and 1930s. At that time, it was estimated that the quota would reach around 25 percent.
Random relaxation
Almost all 50 states imposed exit restrictions in March to curb the spread of the coronavirus. Public life stopped for the vast majority of the approximately 330 million Americans. Many stores were closed, restaurants and hotels were empty. Many employees of these companies applied for unemployment benefits. Layoffs are also quicker and easier in the United States.
The United States economy was still booming until February, peaks were recorded in the stock market, and experts anticipated economic growth of more than two percent. However, the rapid spread of the coronavirus since early March destroyed the good economic outlook. The United States is now heading into a deep recession despite massive stimulus packages.
Very unpleasant for Trump
This should be a major drawback for Trump, who is running for a second term in the November election. The president recently pressured states to lift crown restrictions to boost the economy again. To do this, you also want to accept that there will continue to be new infections and deaths.
Since the beginning of the month, many states have slowly begun to relax crown regulations again, although the pandemic in many places still does not appear to be under control. Therefore, the Trump government expects the job market and economy to recover quickly from the third quarter.
Every third person infected is American
So far, according to Johns Hopkins University researchers, about 1.26 million corona infections have been detected in the US. The USA, a country with around 330 million inhabitants. This corresponds to approximately every third of known infection with the new coronavirus worldwide. More than 75,000 people died in the United States.
