Corona: Historical Unemployment in America

 04 Apr 2020 ( IBTN Bureau )
POSTER

Unemployment has also risen sharply in the United States with the ever-increasing figures of Corona virus infection cases and deaths.

In the last two weeks, about one crore people in America have registered their names for the facilities available to the unemployed. Such a large number of unemployed is a record in itself. The Kovid-19 transition is hurting the American economy badly.

New data released on Friday shows that the unemployment rate in the US increased by 4.4 percent in the month of March. This is going to get worse because the latest data does not include the end of March. Economists predict that in the next few months the percentage of unemployment rate in the US could double-digit.

In the entertainment and hospitality sector, the maximum number of jobs have been lost due to Corona infection.

 

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