US unemployment could hit 25 MILLION as coronavirus wrecks economy ...United Arab Emirates

Russia Today - Economy
US unemployment could hit 25 MILLION as coronavirus wrecks economy
source : Russia Today ( United Arab Emirates ) () 96
With the US Labor Department set to reveal the number of weekly jobless claims on Thursday, economists believe another 5.4 million Americans will file for unemployment benefits, bringing the number to over 22 million in a month. In the week ending April 4, more than six million claims were filed, which was a slight decrease from the previous week’s record-breaking 6.867 million. The ongoing surge in filings for unemployment insurance has been aggravated by the expansion of those who were allowed to file claims. The CARES Act has expanded the group to include the self-employed and independent contractors. Most of the job losses came fro

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