The data and information that have been provided begin to show how the closure of shops, restaurants and schools, because of the spread of Covid-19 in the American nation is hitting its economy terribly.
At the end of last week, the number of unemployment benefits in the United States shot up to more than three million people.
This number was a record-breaking one, being higher than that recorded during the 1982 recession. Unfortunately this number continues to rise due to all the people who have lost their jobs in the midst of the crisis caused by the Coronavirus.
It is clear that the world’s largest economy is being hit hard by the spread of the pandemic, as recent data provided by the Department of Labor have revealed.
The heart of the U.S. economy, as well as the nation’s service sector, has been hit by the closure of shops, restaurants and businesses.
The 3.2 million subsidy applications disclosed are five times more than those recorded in 1982. At the time, the number was approximately 700,000.
Unemployment Insurance Weekly Claims
Initial claims were 3,283,000 for the week ending 3/21 (+3,001,000).
Insured unemployment was 1,803,000 for the week ending 3/14 (+101,000).https://t.co/ys7Eg5LKAW
— US Labor Department (@USDOL) March 26, 2020
It’s time to cry out
Like millions of Americans, many other people around the world have lost their jobs.
For some nations, this has caused crisis, panic and despair because many do not know what to do.
For this reason, Christian people are encouraged to cry out and intercede for God’s hand in the midst of the strong and tight situation that hundreds are experiencing right now.