Applications For Unemployment Benefits In The United States Were 5 Million 245 Thousand In The Last Week

Applications For Unemployment Benefits In The United States Were 5 Million 245 Thousand In The Last Week

Economic activity has stalled as the number of coronavirus pandemic cases in the United States continues to increase rapidly and the country is the epicenter of the outbreak. In the United States, applications for unemployment benefits rose by 3.3 million the first week companies shuttered because of coronavirus, but applications rose to 6.6 million the following week. The number of unemployed in 3 weeks reached 16 million with 6.6 million applications last week. Last week the loss of life in the United States in one day exceeded a thousand while this week exceeded 2 thousand and US President Trump announced that the number of cases had exceeded the peak point and that new case data had fallen in many regions. While President Trump said he would make statements about the economy today, he said the social distance rule could be loosened and economic activity could also begin. The weekly unemployment benefits application that preceded President Trump's remarks totaled 5 million 245 thousand in the week ending April 10, and applications in the last 4 weeks exceeded 21 million.