WASHINGTON (AP) – Nearly 3.3 million Americans applied for unemployment benefits last week – far more than the previous record set in 1982 – a complete economic collapse caused by coronavirus.
The weekly application is an amazing demonstration of the economic devastation of the virus. The form for unemployment benefit in general reflects active service.
The Layoffs will soon move to the U.S. economy. enters the rebound. Revenue has fallen to restaurants, hotels, theaters, gyms, and airports. Car sales are going down, and car drivers have high production rates. Most of such workers are faced with paying bills and other savings, so they cut jobs to save money.
As unemployment rates rise, some economists say the nation’s unemployment rate could reach 13% in May. By comparison, the maximum employment rate during the Great Recession, which ended in 2009, was 10%.
The economic downturn has been rapid. As recently as February, the 50-year unemployment rate was down 3.5%. The economy grows if it takes confidence. But as April-June looms, some economists think that the economy will fall as fast as April – a limit of 30%.
In its report on Thursday, the Department of Labor said 3.283 million people applied for unemployment benefits last week, up from 282,000 last week. Despite the fact that many people who have lost jobs and are unable to sign up for help without problems, the state’s website and phone system are full of applicants and frozen.
The logjam suggests that Thursday’s report outlined the extent of the reduction in labor last week. The fact that workers who are out of the payroll industry – gig workers, freelancers, self-employed people – is not currently eligible for unemployment benefits despite and in many cases they could not earn money.
As a result of coping with layoffs, a significant increase in unemployment benefits for millions of people who will lose jobs due to the incidence of coronavirus is included and the financial aid bill is nearing final approval in Congress. One provision in the bill would set aside $ 600 a week on unemployment benefits announced. Another 13-month benefits will be provided over the six months of unemployment benefit provided by the state.
The new law will also extend unemployment benefits, for the first time, to make workers and other non-workers pay less.
A federal law passed last week provides up to $ 1 billion for the state to enforce their right to claim claims. But the money will take some time before moving on.
In California, claims for unemployment benefits more than tripled last week to 187,000. In New York, about five to 80,334 benefited. Nationwide, about 2.25% of all workers applied for unemployment benefits last week. In Nevada, that figure is 6.8%, and Rhode Island 7.5%.
Jessy Morancy of Hollywood, Florida, was released on Friday from her job as a wheelchair and customer service manager at Fort Lauderdale airport. Morancy, 29, called the unemployment agency on Monday to file a claim for unemployment benefits but I got a text message telling him to come back later.
He also worries that even a full-time salary of $ 275 a week would be less than half of his income and his job is not enough to give his children, ages 10 and 7.
“Still in a bad state,” Morancy said.
He said he had heard that the airline could continue to receive salaries if Congress provided the pilots with the money. However, it is not clear that employers like him working for contractors – Eulen America, in turn – will be mature.
“If these companies are going to make money, what do we include?” Morancy said.
Even for those who can file a complaint, the benefits will take time to get started. It usually takes two or three weeks before applicants get any money. State agencies must first contact their employers to find out what work and income they have. Only then can the weekly unemployment benefit be calculated.
To make matters worse, many state agencies dealing with unemployment claims are working at low-income levels and employers plan to take action for fraudulent claims. Just a few weeks ago, the labor market has been in its most dynamic form for decades.
Kim Boldrini-Sen, 41, has tried to file charges against her. He has tried in two states: In Connecticut, where he works as an acupuncturist in private practice, and in New York, where he lives and has his own acupuncture business.
In Connecticut, he felt he had dropped his plans. But when he returned last week to re-apply as required by the weekly applicants, he found that his original registration record was not available. After an hour of restitution, he discovered that he could not use the Internet.
In New York, the state government repeatedly failed to meet its demands. After he managed to apply, he got a pop-up saying that he had to put the phone on the phone. That has not worked out well.
“I called the house all day,” she says. “That has been my life for a week, but I can’t go to anyone.”
On Monday, the New York Department of Labor tweeted, “If you can’t access our phone and / or internet system this week, please keep trying.”
The official said on Twitter that, “We are working as hard as we can to make sure all the money is paid.
Ellen Zentner, chief economist at Morgan Stanley, said her note to clients 17 million jobs would be lost by May – twice the 8.7 million jobs lost in the Return on Investment. It expects unemployment rates to be as high as 12.8% in the April-June quarter, which would be the highest level since the 1930s.
Still, Zentner also expects the economy to start recovering in the second half of the year. It will take some time for something to return to what is near, and it works: The unemployment rate can still reach 5% by the end of next year.