On June 18, the US Department of Labor announced an additional 1.5 million workers applied for unemployment benefits last week, bringing the total number of people out of work, at least temporarily, due to the Covid-19 pandemic. to 45.7 million people.
The number of people who applied for unemployment benefits was quite high, only decreasing by 58,000 people compared to the previous week. The percentage of those receiving benefits for the week ending June 6 remained at 14.1%, with 20.5 million receiving this assistance.
In addition, the US Department of Labor said last week, more than 760,000 people in 46 states applied for assistance in a special program, only for those who are not eligible for unemployment benefits.
Rubeela Farooqi, a senior analyst at High Frequency Economics, said the weekly report reflected conflicting signals regarding the situation of the world’s largest economy. While the number of people applying for unemployment benefits decreased for 2 weeks in a row, small businesses are encouraging or showing signs of recruiting or hiring laid-off employees, the number of people applying for benefits A high level indicates that the labor market is still facing difficulties.
The above data shows the bleak economic situation due to the Covid-19 pandemic. Many businesses across the United States have been forced to close since mid-March, resulting in large-scale layoffs. The number of people claiming unemployment benefits by the week has gradually decreased since peaking in late March.
Many US states have moved to reopen the economy. However, the epidemic is still complicated, as the epidemic is shifting from New York to states in the South and West of the United States.
According to the worldometers.info statistics page, the US is currently the epidemic center of the world with about 2.2 million infections and nearly 120,000 deaths.