The crisis is not over: the US reports a record unemployment of 22 million Americans and is still increasing

Unemployment benefits have been claimed over the past four weeks from 22 million Americans. This is a massive increase in unemployment that the United States has never experienced in its history.

Unemployment support for 22 million citizens

The increase in unemployment is the result of the ongoing crisis around COVID-19 caused by a new type of coronavirus. Total deaths in the United States are reported to be well above 34,000 citizens.

Figures indicating a large impact on the local economy are totally disproportionately gigantic compared to the pre-coronavirus crisis. The media speculate that it is a combination of harsh measures and slow reaction of President Trump.

The United States is doing its utmost to stimulate the economy. Last time it was $ 2 trillion as an incentive for the economy. For a while, the President announced that they would stimulate the economy from the lowest levels. As a result, most Americans should have $ 1,200 in their account labeled as an incentive from the US Fed at the time of writing this article.

British television BBC on its Twitter said that according to briefing the US economy to open in three degrees, if you want waves.

The "Opening up America Again" plan outlines three phases for states to gradually ease lockdownshttps://t.co/tB82AX4Sx5
— BBC News (World) (@BBCWorld) April 17, 2020

You should be interested in: Big investors are betting on slump after halving