The USA is Experiencing the Highest Unemployment since the Great Depression!

The USA is Experiencing the Highest Unemployment since the Great Depression!

The United States has seen the highest level of unemployment since the Great Depression with 14.7 percent. According to data released by the Bureau of Employment Statistics (BLS), the unemployment level in the US reached 14.7 percent in April. It was noted that this level was the highest unemployment level since 1932. In the U.S., more than 20 million citizens were dismissed in April alone.

"This Figure is Very Scary"

Speaking about US unemployment figures, economist Lindsey Piegza stated that this figure is very scary. The famous economist Piegza used the following statements:

"I am afraid that it will take 2021 to come to the 10 percent unemployment rate again."

According to statements of the experts, most of the unemployed are citizens of African and Latin origin. As a result, the number of citizens applying for unemployment pay has also increased rapidly. According to the data released by the US Department of Labor, the unemployment pay application reached 6.9 million in March. After this figure, although there was a drop in the number of applications, this figure increased to a level not seen in the history of the USA. According to the information given, the number of citizens who have been applying for unemployment benefits since mid-March has reached 33 million.