Yes Trump has done a magnificent job Fuked up response to virus , racism has raised it's ugly head because of his inability to speak out against it,,and 8.5%unemployment is a GD recession Thank you republicans I hope you feel the brunt of this AH in our Wh's policies
Link?
Link?? To what ?? It's all easily available You think we're not in recession now?
Trump just got unemployment under 9% in five months it took Obama Biden 30 months to do so Trump is absolutely incredible
yeah good on trump You do realize Trump is compromised ?
The
COVID-19 outbreak and the economic downturn it engendered swelled the ranks of unemployed Americans by more than 14 million, from 6.2 million in February to 20.5 million in May 2020. As a result, the U.S.
unemployment rate shot up from 3.8% in February –
among the lowest on record in the post-World War II era – to 13.0% in May. That rate was the era’s second highest, trailing only the level reached in April (14.4%).
The rise in the number of unemployed workers due to COVID-19 is substantially greater than the increase due to the Great Recession, when the number unemployed increased by 8.8 million from the end of 2007 to the beginning of 2010. The Great Recession, which
officially lasted from December 2007 to June 2009, pushed the unemployment rate to a peak of 10.6% in January 2010, considerably less than the rate currently, according to a new Pew Research Center analysis of government data.
How we did this
The unemployment rate in May
might have been as high as 16%, by the U.S. government’s estimate. But it is
not recorded as such because of
measurement challenges that have arisen amid the coronavirus outbreak. Also, a sharp
decline in labor force participation among U.S. workers overall may be adding to the understatement of unemployment. In May, 9 million Americans not in the labor force were in want of a job compared with 5 million in February,
per government estimates. But these workers are not included in the official measure of unemployment. Thus, the
COVID-19 recession is comparable more to the
Great Depression of the 1930s, when the unemployment rate is
estimated to have reached 25%.
Unemployment among all groups of workers increased sharply in the COVID-19 recession. But the experiences of several groups of workers, such as women and black men, in the COVID-19 outbreak vary notably from how they experienced the Great Recession. Here are five facts about how the COVID-19 downturn is affecting unemployment among American workers.
