Sunday, August 9, 2020

Almost 7 million more unemployed in the United States in one week

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Washington, Pierre-Yves Dugua

6, 61 million more Americans signed up for unemployment benefits during the week of March 30 to April 4. The number is colossal and almost as high as that of the previous week: 6.87 million Americans had joined the ranks of the unemployed for the first time.

It is now plausible that 20 million jobs will be lost in the United States in April. Even in view of an estimated active population of 165 million people, the figure is catastrophic.

The explosion in unemployment is the result of containment orders which now concern 95% of the population, due to the Covid-19 epidemic. As elsewhere, especially in Europe, the supply of goods and services has faded along with demand, to the point of causing a brutal recession unparalleled since the Second World War. Mass unemployment is all the more shocking in the United States, since a month ago, it was considered that the country was practically in a situation of full employment.

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