Unemployment benefit claims were filed in the United States by the application of health restrictions to stop the coronavirus pandemic in mid-March, which exceeded 40 million, according to reports from the United States Department of Labor.
According to the agency’s data, during the past week (until May 23), about 2.1 million unemployed Americans have asked the authorities for a subsidy, compared to 2.4 million the previous week.
Although this is the eighth consecutive week of decline in new jobless claims from their peak of nearly 6.9 million, they are still much higher than before the coronavirus pandemic.
Home confinement and commercial restrictions have been lifted across the country, with some employees returning to work. However, reopenings are unpredictable and incomplete, while coronavirus outbreaks continue to disrupt business. Yesterday, for example, Ford Motor temporarily suspended production at the Kansas City assembly plant in Missouri to perform a thorough cleaning after an employee tested positive for covid-19. Two other Ford plants, in Chicago and Dearborn, Michigan, have been temporarily closed.
The economy drops 5% annually in the first quarter
US GDP declined 5% per year in the first quarter, according to the North American country’s Department of Commerce. This is a larger reduction than previous estimates, when a 4.8% drop was calculated a month ago.
It is the biggest drop from the 8.4% drop in the fourth quarter of 2008 amid the financial crisis.
The United States of America remains the country most affected by the pandemic, with over 100,000 deaths from covid-19 and nearly 1.7 million confirmed cases.