Hard Again

---

The Number of Americans, unemployment is a record high for The Second week in a row as the economic damage", linked to the coronavirus intensified.

More Than 6. 6 million people filed jobless claims in the week ending 28. In March, The Department of labor said.

This is almost double the week before, was also a new record.

The Deepening of The economic crisis comes as The Number of cases in the US rises to More Than 236,000.

the Death Toll rose to More Than 5,600, the White house recently said it would maintain restrictions on activity, to try to contain the outbreak.

analysts at Bank of America warned of forecasts That could see US "the deepest recession on the entry" in the midst of That , the unemployment rate could hit More Than 15%.

The outlook-stark reversal for The World 's largest economy, where the unemployment rate had been hovering around 3. 5%.

But, More Than 80% of Americans are now under some form of lockdown That forced the closure of most companies.

analysis:

Michelle Fleury , New York business correspondent.

This is the highest number of new unemployed in the history of the United States.

But what is so frightening only the magnitude but also the speed with which American companies have shed workers is not.

About 10 million Americans lost their jobs in just The Last Two Weeks . For comparison, 9 million jobs lost in the financial crisis of 2008.

There were several reasons for This Week 's historic increase.

to include Additional States ordered non-essential businesses to contain The Virus . According to the economist, a fifth of the US population now in some form of lockdown.

And a government relief help package signed last week extended unemployment benefits to even more people, such as the self-employed and independent contractors.

Some fear the true figure could be Even Higher , since many people could not even through a lawsuit.

these are weekly numbers, this data the next time we are on real-time information, which show how disastrous the pandemic is for The American economy. And it points to a bruising couple of months in advance.

More Than 3. 3 million people, claims filed Two Weeks ago, eclipsed the previous record of 695,000, set in 1982, and brought the two week total of over 10 million.

The latest image was worse than many economists had feared.

"I don' T see a rule on the data of the releases and just start to wobble," said Heidi Shierholz , a former chief economist at the U.S. labor Department and now policy director at the Economic Policy Institute. "This is a portrait of the Disaster . It is like nothing we have ever seen. It's just incredible amounts of grief and suffering provides. "

workers in accommodation and food services were affected again This Week , the Ministry of labour said.

But it was added That the member States report That "a greater impact on the industry".

"With this report, there should be little doubt That . US is already in a deep recession and The World economy, it will also be" tweeted Mohamed A El-Erian, chief economic adviser for a Financial Services provider, Allianz.

The US recently, a More Than $2tn rescue bill, the means of direct payment to households, support for businesses and increased unemployment.

It is also more and more people made a claim to benefits, including workers whose jobs are stopped, rather than cut. There is speculation That the government may further relief.

in contrast to other countries such as the United Kingdom, the United States has not conducted a program That pays companies to keep workers on the Payroll - a reason, why the numbers says so strong, Ms Shierholz.

"It's an attempt to said," Ms Shierholz, of the extended authorization. "But to keep this concept, the employee is entitled to wages through a recession well-socialized in the United States. It is not only how we have done things in The Past . "

unemployment, coronavirus pandemic, us economy, united states

Source of news: bbc.com