Corona Effect: Unemployment Record in the USA!

The effect of the Corona virus does not stop, following the record in case and death numbers, new record news comes from the economy.

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Unfortunately, there are those who are not lucky enough to work remotely. Especially those who use their body strength and those who need to be on the street to work started to become unemployed.
Unemployment claims in the U.S. reached a historic record of 3.28 million. This figure is exactly 4 times the previous highest level.

While companies fired workers because of the coronavirus epidemic spread all over the world, the number of Americans applying for unemployment benefits over the past week reached a record of 3.28 million.

This record number reveals the great impact of the coronavirus on the economy. The previous highest level was recorded as 695,000 during the 1981 - 1982 recession.

The number of unemployment claims last week was only 282,000.

UBS and Goldman Sachs estimated unemployment applications at 860,000 and 2.25 million respectively, while Bank of America, Morgan Stanley and Citi estimates were 3 million, 3.4 million and 4 million, respectively.

So How Much More Unemployment Will Increase?

To see the peak of the coronovirus effect is required to answer this. Experts say it may take a few months for everything to come back after the summit.