Another 6.6 million Americans filed jobless claims last week, bringing the total to over 16 million. The new numbers bring the unemployment rate close to 13% – the worst since the Great Depression.
The numbers come off the heels of similar devastating reports released over the past few weeks.
The coronavirus pandemic has upended lives and economies throughout the world, resulting in thousands of deaths and a near total economic shutdown.
The International Monetary Fund (IMF) announced today that they predict the global economic fallout to be the worst since the Great Depression, with only a partial recovery in 2021.
As the U.S. government sends out stimulus checks, it’s clear that much more is needed to stop the bleeding. Videos surfaced over the past few weeks showing long lines at food banks and unemployment offices.
People all over the world wonder when the world will return to ‘normal,’ whatever that now means. A coordinated global effort is needed to eradicate this virus and get people back to work.