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I was scrolling through the news and suddenly read that the number (claims) of jobless people in US had crossed 1.1 million, and in my personal opinion this is bad news for the US economy which is already struggling to bounce back from Covid19 effects.

Furthermore the Democrats have continued to blame Trump for the economic mess that US is currently facing, but the voters yet believe in his ability to stabilise the economy.

What do you’ll think is it right to say that the US V shaped economy won’t recover this year, or it’s only matter of few months before it recovers?.


Source:

https://www.bbc.com/news/business-53852315?intlink_from_url=https://www.bbc.com/news/topics/c1038wnxypvt/us-economy&link_location=live-reporting-story

The fall in unemployment levels some weeks ago was due to the premature easing of lockdown, this meant businesses could open back up and staffs could return to work, but the numbers of infected people kept rising and businesses were forced to shut down, meaning the jobs regained were again lost. It was a band-aid strategy to cover the situation and not a solution to tackle the current economic crisis.

A V-shaped economic recovery is unlikely. The pandemic was handled poorly by the U.S government, and as the numbers keep rising, more businesses would close up, less money would circulate, more money would be printed to stimulate spending, inflation rises and the economy keeps contracting; The recovery time would take much longer, even if an effective vaccine was eventually discovered, probably U-Shaped, with a wide base line.

After a few days of Coronavirus the unemployment rates in US rised to around 20% but after a few days the charts neutralized and went to 10% again but I thought that number was manipulated by the US government to show a great picture for the upcoming elections. Now once again number has risen to around 12% which obviously means US is in great trouble again. But truth is that this was bound to happen. No corporation would pay you if they are not getting any profits. No government can do anything about it.

That was seriously alarming to think that the number of unemployed people in US have already reached more than a million all due because of the existing covid-19 pandemic that have caused the business establishments, offices and other workplaces to temporarily close for awhile to prevent the further spread of the virus that can be potentially gained on places where there is a large scale of working people sharing on a working area.

For sure not only US is experiencing that thing because honestly here in our country around 42% of people are unemployed because of the same reasoning. This is bad because this drag down the productivity rate of the country which also pulls out and brought economic declination in our country. At that rate the US and even other countries facing the threat of pandemic, we have nothing else to do but just to follow the "new normal" approach to somehow lessen the rate of unemployment since business establishments and other work places are already allowed to get back into operation but just for around 30 to 50 percentage working capacity that is already good to somehow boost up to progress the economic state of the country and help some people to get back to work minimizing the amount of jobless people.

The opposition would continually blame the party in power no matter how well he has done. It's one of their cardinal duty as an opposition party because that is a key component of them ensuring that the ruling is kept on their toes and also to market themselves for the next election. So their own opinion at this point is more political than reality.

A million unemployment rate is massive forms country like the US but in the real sense it's still doing way better than most countries across the world battling with the menace of Coronavirus and the economy is not expected to be in full gear just yet.

I doubt these numbers are true, as per the report of May almost 10% of US population lost their jobs which means 30+ millions people are jobless due to this corona virus.And yes this is really worrying sign but the stimulus has been a little relief for those people but for in long term there will be crisis in the growth and this is going to reflect in the upcoming presidental election in US.

The increase in the unemployment rate is not only visible in the US but also in other countries who are still struggling with the rapid increase in COVID cases. It might worsen if the situation remains until the last quarter and I think it will be hard for the economy to recover while there's still a lot of new cases. But for sure, once the vaccine is already available, the US can recover from the decline they are facing right now.

As for political views, there will always be two sides, the one who's not satisfied with the performance and the once who still believe with the administration's capability in handling the pandemic. Now it's up for the people who will vote in the next election, and I think this crisis is a big lesson for everyone.

That was back in May (during total lockdown). After the lockdown, the U.S. added millions of jobs back and people could return to their jobs, even in my country, people who were initially layed off were called back when businesses opened and their employers started generating income from the company. You cannot compare the unemployment rate of March, April and May with that of now, things aren't too good now, but they aren't as bad as back then either, the economy is active now, it was shut then.

I'm not surprised the numbers filing for unemployment benefits in the U.S. is going above 1 million, we're not out of the pandemic just yet, and the economy is bound to suffer from the effects of the total lockdowns earlier this year, it's inevitable, but with time more jobs will be created/reopened and the curve will continue to go down. But then there's prolly an Inflation approaching after all the money printed this year alone.

Many countries been affected by the pandemic but it doesn't mean that we will blame the  government about the situation, no one forsee it coming but we need to determine whether the government is truly doing ways to find effective solution to control the virus while maintaining the economy. What we can do is to follow and help now then just decide next election.

Unemployment may increase but sometimes it can be for their safety, some of those unemployed now might be in airlines company or services that needs too much crowd. There is a need to weigh between safety of the employees or money. The lesson here is every individual should be prepare next time to have emergency funds or other sources of income. In my country now many unemployed find ways to do small business based in their skills.

V shape recovery is very much unlikely seeing a massive number of employment in the USA, and the positive cases of Covid are still increasing.
I have read an article stating a national budget from $600, $400, down to $100 budget per week for the qualified citizens (mostly those who are devastated by the pandemic financially.) Let's say they'll approve the $100/week times the number of unemployed citizens.
That's roughly $1,100,000 per week excluding the expenses for medical purposes.

IMO, this isn't the time to blame anyone, instead this is the perfect time to help each other to overcome the financial and health challenge.

Many are blaming, the president for the economic mess US is currently facing.more than a million of unemployed in US,because of the covid-19 lockdown , many business have be affected because of the existing Corona virus, many organizations has been closed down, unemployed increasing every day by day.

that is my point here. not only US is suffering from unemployment of its people but around the globe. i dont think it is fair that someone will blame their government about this unless, they are just sitting and not doing their job to alleviate the problem of its people. the aftermath of virus is still here and will be for long time. but it doesnt mean we will not do something about it and just rely on our govt. because thats a stupid move. we need to help ourselves even on our small ways that we know of. because blaming the Pres or the govt is not a solution to this crisis!

I think with the roads now open to "Agenda 2030" it is more natural that people will loose more jobs and everything will get automated.

Loss of jobs can really worsen the economy, how?

Due to unemployment, people will not have any budget to buy their necessities during this pandemic and that will affect the market.

If people doesn't have money to spend, then the demand for those goods will decrease. The economy will struggle so hard if unemployment continues to occur, but what can we do if the health and lives of our people are at risk when they go outside just to work for themselves. Health is the most important thing in life so as soon as possible we should prioritize it and take care of it.

But famine will also be the next problem with unemployment.

Actually those blaming the government in times of pandemic have a bad agenda on the administration, we experience that here since despite of the efforts given the critics didn't credit anything and they are just waiting to see a single mistake and used it for bad propagandas.

Lets get back to the US topic and I really think they wi suffer badly here and provably they will struggle to regain back by this year since even up till know we don't really know on when the vaccine will became available and this is the only hope waited by the governments around the globe so that we can resume our normal life without worrying about disease or anything.

Trump has nothing to do with the economic mess caused by the lockdowns and the pandemic.
On the other hand,Trump is completely helpless and unable to stabilize the economy,because the fiscal and monetary stimulus packs are pretty much wasted and more stimulus packs might lead to problems with the US foreign debt and the stability of the US dollar.
Joe Biden will be pretty much helpless as well,if he becomes the next US president.

Of course, it's a worrying sign. People lost their job due to the Coronavirus, not only in the US in many countries also. The economy can't go back to normal instantly even Trump can't do that. I think we need a year to recover from this pandemic.

The US has experienced several recessions to the Economy, this time possibly the worst ever experienced by the US.

The economy is currently experiencing a sharp decline, this is due to an increase in unemployment due to: (lockdown), where the US is the largest income of consumers who shop, if this epidemic is not resolved it will likely beincreased more unemployment.

Sectors, tourism, restaurants, almost all sectors experienced a decline in turnover that is more severe.
There's nothing the US government can do, besides saving the country's economy by solving all the epidemics and the people can return to normal including the economy.

Hey this is so wrong it is silly.

 The amount of people that lost their jobs due to covid-19 in the USA  not 1 million or 2 million  or 3 million our 4 million. how about 20 million up from 6 million.

Please fix your title


note this dates to June 11 2020, but it is so much higher then  the 1 million you are tossing out there please change the title.  Use 10 million. as it is most likely far better then the 1 million you are using.

I'm also concerned about what's happening in United States. In several other countries also experienced the same thing, businesses closed and layoffs. I hope d business will be opened soon so that the US economy will recover.

It's not something we were not able to predict. People these days are unable to do simple jobs, unable to live on their own, do some farming, build their own home. They depend on other people offering them jobs and when they get fired they don't know how to proceed.

100 years ago people would find something to do, something to fill their time with. Now all we do is complain about not being able to find a job in some fancy corporation.

I did thought that unemployment will not worsen. But I guess was wrong.



A V-shaped economic recovery was just a dream of incompetent USA president. He simply allows himself to lie to people. Everyone with a tiny bit of brain should know that was a lie.  

Democrats would blame Trump for anything from the vanishing of honeybees to global warming--that's the game.  Dems blame republicans for everything and vice versa.  Doesn't make any of it true, which is the maddening part of the blame game.

Trump isn't responsible for the monkey wrench that COVID-19 threw into the economic works.  The economy was doing just fine at the beginning of this year as far as I know, and people are starting to return to work as businesses reopen, at least in the little patch of the US that I can see with my own eyes.

And yeah, unemployment is still high because people are used to collecting unemployment benefits, but some of them may have jobs to return to once the COVID restrictions are lifted.  I think the jobs numbers reflect a temporary situation that has some light at the end of the tunnel, which is quite different than, say, 2008-2013.  I wouldn't say don't worry about it, but I'm pretty confident things are going to keep improving this year and beyond.

vaccine is the solution to this problem. with vaccine from Russia I guess can make people feel like they are taken care of and confidence goes up. joblessness can turn famine and then deaths especially if this crisis will still be here in a year or 2. there wouldn't be any companies left after a year of bankruptcy either. we're at the mercy. crazy times when halfway around the world, countries are not struggling yet helpless also.

the american economy was destroyed in 2008. ALL of the money was handed over to jewish banking criminals who were the exact same people who cratered the economy. there is a final solution to all of the economic suffering on earth. USA has been hit the hardest because the jews totally took over usa banking and courts from civilized white people

The situation is even worse in many other countries and US is standing at a better place. At least US government has something called "unemployment benefit" which is non-existent in majority of the other countries in the world. So US people will not have to go bankrupt even if they are unemployed while people from the other part of the world, will sleep hungry if they are unemployed!

COVID has hit the civilization hard and helped us to realize our limits and the nature is healing itself while we humans are stuck at home! But the current scenario is not going to stay forever. The businesses are slowly opening and market demand is slowly increasing. Sooner or later, businesses will have to hire people to run their operations properly and employment situation will slowly come back to normal. It will definitely not happen overnight for sure, but eventually it will happen!

Democrats can blame Trump for everything but I don't think even democrats could help if they face any such situation. The situation is too big for any leader to handle and Trump is no exception.  

republicans and democrats are almost identical. they both vote for jewish law and jewish banking. why is that? Where are the antisemites to stop the collapse?

Came here to to say exactly this. The number that OP is referring to in his article is just the new jobless claims. The actual number of unemployed people is more like 30 million (Source from 24.07.: https://www.forbes.com/sites/sarahhansen/2020/07/24/30-million-are-unemployed-and-more-pain-is-on-the-way-here-are-8-numbers-that-sum-up-the-destruction-in-the-us-labor-market/).

Imho it makes more sense to look at the unemployment rate rather than total numbers. And the unemployment rate peaked in April at 14.7 % and is since then declining slowly but steadily (https://tradingeconomics.com/united-states/unemployment-rate). It will be interesting to see the number for August.

unemeployment in usa is vastly higher than the official numbers. The numbers they print for usa employment are faker than the zec orderbook

The rising rate of unemployment was really a worrying sign for a country and of course its government as well for they must be concern to the welfare of their people specially that we are still currently in a crisis brought by this covid-19 pandemic. US is not already surprising to experience such thing for they are still the one who is leading with the most number of infected cases worldwide that is why to be able to somehow control or prevent the further spread of virus, it is in need to temporarily close down work places that results to unemployment of many people amid with the existence of this pandemic.

Well actually, US is not just the only country facing this problem for there are also other countries that are dwelling with this problem as well like here in my country where there are lots of unemployed individuals mostly on the public transportation that up until now are still not allowed to operate although some are already allowed but in need to get certification to be able to do such. But the unemployment rate have already come into a decrease because slowly workplaces are opening and there are already work from home individuals. Hopefully once the vaccine became available in the market, this will be resolved the problem with regards to unemployment.

Now it has reach 1 million, I think they will accept the economy collapse in the future years of USA coz most likely they are going to have an another batch of stimulus checks that will slows down their slow recovery. As this will be highly to occur, expect the more weakening of the dollar. In my local currency dollar is -8% in conversion rate, freaking high in terms of currency volatility.

I think the pandemic won't end in November where the election is set to occur, is there any possibility that it will be delayed? I don't think online election won't work.  :-\

After pandemic, it's clear that our economy will feel precision and there are too many people are also affected not only jobless people, also those small businesses are also affected. It might the only option that the government should do is to reopen the business that was temporarily closed and divide the employee's workday by half, so that the employment rate would slowly rise until the vaccine is released and ready to be used.

Worrying sign, maybe. Not only in the US but also in other countries. It's worldwide and I think all of us has been suffered and the war of the pandemic was not yet end.

Idk what happens around you but I see a lot of people who share the idea that "Trump is not my president".  It's always easy to blame someone but of course, because of this virus number of unemployment has significantly risen, sadly as it should have been. It's another task whether trump did right actions in correct way and time and etc. Situation was especially worse in America, there are still a lot of people who don't care about corona virus and just want to continue life normally and don't care whether they get affected by this virus or not and I totally understand to them, at some point I was in their queue but things need much more clarification and deep analytics rather than just easily blaming someone.


This crisis isn't a lesson for anyone. Sometimes things happen as someone wants to be. If it's a lesson, then why do we have experts in economics? Then change this title and it will be whole different tasks.

With this happening, there are going to be more people who will be looking for opportunities in different places and various industries. Taking advantage of everything that people could make their hands on. As more and more people experience this, it's only a matter of time to blame something or someone about it. I feel that the most affected ones are the financial sector because of the needed "injection" of money to the economy. Since there are fewer tax payers, there would have an effect on how the government is making money about it, and they need to sustain their growth, possibly result in printing money. It's a worrying sign for sure.

One million? Are you kidding me? Where did you get this number from? There is above 16 million unemployed people in the USA, you can check this by simply googling because USA do share that information and I believe it is a true one because they do not have to hide it or not a country like that (like some countries such as China saying they have zero unemployed people which is impossible).

So, what you think is "scary" is actually 16x times worse right now, so you have to realize how horrible it is going. During the pandemic period there was over 30 million sort of unemployed people as well, not all of them were completely unemployed they were just left to unpaid leave so that they were still at that company so looked employed but they didn't go to work and they didn't get any money.

The entire world has been screwed by COVID-19 and it will take years for the economies to recover which is why the USA is not an exception just because they are the most advanced and developed country in the world.

Unemployment rates are high everywhere. World governments are trying their best to contain the spread while allowing their people to work. Trump clearly handled the situation in a horrible manner due to which the USA tops the Corona rankings.

Even if Biden wins, the unemployment rates there won't go down anytime soon. This is a long term problem which we simply need to endure.

If it is that many jobless people, everyone should worry about it. Moreover, if they are involved in one of the jobless people. But, society is smart enough and they probably can create something new, backed by the government.
However, the influence of the USD to the world right now is still high although the value is decreasing. So, what to do? Probably each country should utilize this situation? It may not be easy enough.

Unemployment rate are still expected to increase due to the high number ofcorona virus victims. Even if a good vaccine will now be available, countries economy will still take long years for recovery and US is not an excemption to that. Hopefully this new normal might be the start to lessen the jobless people since some of them are already asked to go back to work having their masks and sanitizers with them all the time.

Almost every country in the world suffers from the same problem that is unemployment and economic collapse. Many have lost their jobs due to the destructive effect of corona virus to us. The government is trying to do their best for their constituents, but maybe it's just too hard to fight this pandemic. Now that the anti-covid vaccine is about to launch, I hope it will go well and to restore the normal movement of the people in different countries.

I have a feeling the unemployment rate bottomed out in July, and is now bouncing back to higher levels seen in April-May. The improvement between June and July was marginal and we're now seeing worrying weekly numbers. I think there was a notable "reopening bump" that simply won't sustain through the year.

V-shaped recovery in asset markets? Yes. In the economy? No......

The same is happening in the country I live in and I think in almost every country the unemployment rate has risen because of Covid-19, which has worsened business resulting in companies laying off workers and some laying off their jobs.
and social restrictions also affect it and there are many other reasons that cause increased unemployment due to this pandemic, I am one of the people who lost my job because the company had to temporarily delay until this pandemic was over without a definite time.

Yeah! This pandemic slowly killing us from hunger :-\. Cutting large portion of manpower, job freeze hiring and business enclosures are the main dilemma we are facing right now despite what country you reside. Thus I feel sorry for your loss bro. However we should continue moving because we don't have any choice either. Good for us to have a sig campaign. At least we still have a source of income, isn't it?

Let us pray for the best, the vaccine is on its way. So endure a couple of months more.

It is not just in the US with a high number of jobless people, but the other countries will also have the same experience, especially in this pandemic. Many people lost their jobs because of lockdown happens in almost countries, so that has an impact on the countries, but after the new normal, people seem to find a new job, so they can still survive. We can now try to get our needs by doing many things to earn money, so we can help the government reduce those numbers.

This should be a wake up call for people to vote for the most deserving and efficient leader. This couldn't have happened if they do their job that they promise to do during their campaign. I have lost my faith in people trying to run for offices because most of them get their power trip once they are seated on it, maybe putting a law where they should do their promises within a 2-3 year period and if they do not deliver then remove them.

I might sound rude, but OP dont need to dramatize. There were always unemployed people in the US and around the world. COVID-19 is not a main reason for that. I was not that in 2019 everyone had a job, and starting from 2020, when lockdown waves started to crash world economy and "number of jobless people has crossed one million in US".

According to statista, In 2019, the unemployment rate among the United States population ranged at approximately 3.68 percent. (https://www.statista.com/statistics/263710/unemployment-rate-in-the-united-states/).

Population 308,401,808 (https://en.wikipedia.org/wiki/Demographics_of_the_United_States) * 3.68 = 1 134 918 654 in 2019.

The American government and the people always try to blame the immigrants for the job shortage and with Trump administration it have become difficult to get a job visa, if again there would be a Trump administration then I think the immigrant taking the jobs of US citizen would become very less. Also due to the lockdown many businesses were forced to get closed as they weren't to sell anything at all and this have made many families to loose their only source of income and hence rise in jobless people, homeless people and also rise in poverty as well.

This is a reality that we must face, all countries affected by COVID19 are sure to experience an increasing number of unemployed.
So this does not happen in America alone, even in my country not only unemployment has increased, there are several companies
that only pay employees 50% of the total salary. If a vaccine is not found immediately, it could get worse in the next year.

Yes, I admit that during the pandemic this forum was my best solution to earn money or income during the pandemic which caused me to lose my job even if only temporarily without a definite time limit.
I am grateful to be able to participate in a signature campaign or something else because my needs can be met, and even though following a signature campaign is very tight and competitive it doesn't make me give up and keep trying until it is accepted because it really helps me.

If this is in US alone?then the world is really in bad shape now,though i believe that even before Pandemic US is experiencing higher unemployment added are those Homeless that significantly increasing?

Same thing happening in the whole world like In my country there are so many company that closing or laying off their employee because of this economic problem,Having another lockdown last week this affects the whole country.

Actually what OP is pointing is the Million Jobless now and this is the highest all over the world.

while all of us are affected but what we have to do is Move on and Help each other in small way,to make them stay standing until finding another way of living after this bad experience from Pandemic.

Harsh Reality:

 US is a developed nation and therefore if the situation there is like that its even worse in other nations.

At the same time the real account is much worse , there are many more people without a job even in the US alone .

Its not just a warning sign but its even worse , we have been dealing with this since a lot of time but this time due to pandemic the situation is dire.

*Let us consider those small nations where people are dying of hunger and joblessness way before pandemic , the media is never focusing on those nations

*There are countries there have been cases of people not being able to afford even medical care , let alone support their families

*Hospitals and big businesses are taking unreasonable amount from the people causing them to turn to traditional medicines which might not only give fake hopes but also cause harm in some cases.

This is not a red sign
Its a sign that the whole government needs to be changed
The whole economy needs a reset

This is a serious indication that there is a real problem in the country, people are jobless means some industry are not profitable so they are closing the business. I think it will not only need months but probably years to recover as we never know yet when the pandemic will be over, so the damage continues and the longer we are in economic crisis, the longer time needed for the economy to recover.

I'm betting, USA will not be the leading country once the pandemic is over.

Obviously Democrats will always make him look bad in whatever he do and they have a reason to do that US has the highest CoVid infection and there's a high employment rate but unfortunately citizens they did not see it that way, same thing is happening in the Philippines the president is still has a high trust rating, Covid is very high in the region and oppositions keeps blaming the president, it's democracy but it's worrying for both countries.

The whole didn't really hurt equally. I mean there was some nations who are doing a lot worse and some of them are doing a lot better. Look at USA and look at Italy those are the best examples I love to give, USA got it a lot later than others, it grew up a lot slower and at the end of the day they didn't do anything at all and it got to a point that they have quarter of a million people dead because of it, the number is literally 10x of second world war loss, you realize how big that is?

Yet when you look at Italy, they had it first early on, they got screwed, they were so bad that the hospitals had people on the floors, it was the most disgusting and sad thing you could see, now they are back to normal because they were doing the right thing. So, the whole world is not equally good.

it's not just in US tho, in almost every country they fired the people because they can't pay the monthly charge to them because of the covid 19 and probably the number is higher than us if i am not mistaken. i am not really sure why everything is always focused in us where if you look up at anywhere else, they also suffered the same stuff.

What's worst than these numbers of jobless people in country is that they have family to feed, say around 3 to 5 people, it is more than the numbers that we've been seeing from the news, if we think deeply millions of jobless people equals to millions of miserable and suffering. Talking about first world, or 2nd, or third world does not matter at all, immense umber of people are experiencing difficulty even the wealthy ones.

WHO said that the virus can be contained after 2 years, but it does not mean that the economy would need 2 years to recover, this is why some countries are opening up possibilities where to get money from taxes that they need to work on. At the end of the day, government will think of the future rather than what is present.

People who keep saying that "well what did you expect, there was pandemic, the whole world was affected" are using covid to throw cloud over whats going on with the white house and what Trump is doing. Dude has managed to transfigure the whole USPS system from top to bottom all in a week because he wanted to, he wanted to prevent people to vote via mail so he put one of his cronnies at the top of USPS and in a week they managed to cripple the whole system, there are people who are dying because they are not getting their medication, you can literally test this by ordering one medicine and ask of it to be brought to you with USPS, you can live this personally, it is not really a "hidden agenda" or anything , do it yourself and you will see! Yet they failed to respond to corona virus for MONTHS.

is hard to solve jobless people's problems, if not started by themself.
even a good president only can solve this problem only in a short time.
the only solution for this problem is They Need to Develop Their own Quality

This was bound to happen. There is nothing we could do. You would be surprised how the different companies had to close down their outlets at different places due to the pandemic crisis. Recently more than 250 pizza hut outlets were shutdown and most of the people working over there lost their jobs! Looks like the restaurants has been hit the hardest due to the pandemic. We still had to see this even after most governors tried to put economy before lives.

i think its not a problem i see usa will recover easy.


there is enough people who work and produce goods and services that many people dont need to got to work never the people who all ready working can make enough production to support others who dont work.


its called socialdemocratic nation  and usa is way to scandinavian economic model  kamala harris is main socialist pusher

We shouldn't blame the government for the things they have NO CONTROL of. But we should held them accountable for the things they could have made a better and proper actions.

For me, it's already alarming since that's a lot of people that don't have a work by now. Some of them might only be depending on the job they had and has no back up. Leading to households having no enough food on their tables and not able to pay the bills.

The need for a better governance and leadership is very much needed during this crisis since majority of the workers had gone jobless because of the pandemic's impact of different sectors and industries. The government should provide alternative jobs for its people so that the vulnerable population won't fall into poverty.

Of course, determination and will-power to thrive and make a living plays also an important role. Those who are affected must be able to adapt and find another source of income not only relying and depending to the government alone. However, this is not applicable to everyone since we don't always have the same resources and backgrounds.

I don't think it is a sign for us to worry. The US government surely knows what to do to solve the puzzle. We have been through many recessions before and people always have a way to make everything easy. When we look at every aspect, we can see that the US stock has been increased significantly for many days. Moreover, most of the top 10 US companies receive a lot of attention, which makes owners become even richer. I believe that they will be the ones who make the US economy stronger.

The vaccines are being created at the moment and governments have made orders for thousands of doses. There is no need to worry

It is not surprising to see America having a high number of unemployed people, because the number of the spread of COVID19
in America is still the highest. So surely some companies there have reduced their employees or even some companies have gone
bankrupt due to COVID19. But I think American peoples should not panic, because the American government will definitely do
something to solve the problem this high number of unemployed. My advice is that while waiting for government assistance or
policy, American citizens should find a source income from the internet. Cryptocurrency investment or trading can be a good
alternative as a source of income.

Government gave stimulus for the people but they didn't helped much people to get the employment opportunities and it is not possible as well.Instead of waiting start your business even if it is small try to make something out of your skills.Investing on cryptos and trading is good for someone with savings but it is not a choice of survival.

Due to this pandemic outbreak, many people are scared to go outside because they don't want to risk their lives just to earn money like you will choose money over life. Also, some of the business managers or the company owners don't want to operate right now because they are afraid about things could possibly happen what if there is an infected on their employees just for safety purposes too.


Your suggestion is good but there is one thing problem due to a number of people in America there is a lack of services too they cannot give all of those family for assistance also they need to release a large number of funds and this is one of the problems right now due to slow economy some of the business can't operate the money does not calculate so they need to loan to other countries.

Across globe such smaller or medium sized companies are badly effected as they do not have much cash to burn and since production for  few months have stooped, demand has reduced drastically, so they cannot sustain to give the money to their staff etc are impacting them a lot. This is not a good sign and still we do not have any sign of vaccine yet and this means it would further have its implications in the world.

It's a worrying indeed hence with many people out of jobs in the US, it means business and companies are shutting down due to the pandemic we are  experiencing right now. Not on US alone but some countries as well are having a hard time dealing with unemployment, in fact our country as well is badly affected that many companies forced to shutdown and layoff employees due to pandemic that really made the main factor all of these problem.

The number of unemployed is increasing in different countries of the world except the United States. As the economy stagnates many companies are retiring because they cannot pay the minimum wage and unemployment is rising. the country is at a very poor level. many people can eliminate their unemployment by working in crypto. It will not go down with the country's economy rather investing in crypto will help improve the country’s economy.

This is it , true. The US is not the only government that is into this issue. It is not a state that does miracle. Many other countries are facing this kind of problem except China that is quickly recovery in the economy. US is really supporting the citizen with some aid as Trump recently signed up $400 as weekly palliative for the people and that's a good one.

u.s has no exception to this because if you read the title the unemployment rate is over 1 million  . 

that number is alot , youd be mistaken u.s that has a better economy because they are known with that , but that was before  . the situation changed alot now . your suggestion of getting involved in crypto can be a solution to the increasing unemployment rates  .

Sure?Do you know how Bad US economy now?and even in the past year before this pandemic rattle the world?
So how come that this is just an easy as that to recover for US?
You really don't understand what you are saying,Producing Goods and service without Going to Work?how can that be?the demand for service and goods depend on the demand but who will ask for that if they don't have work to pay for?

Man you are far from reality,World will suffer still from the effect of this Pandemic for another year of our life.

It seems to me that the problem due to the virus will exist for at least a year, or maybe more, since the virus will not go away if people ignore quarantine. But rebuilding the economy and providing an opportunity to increase the number of jobs is even more difficult. In addition, the United States has a lot more problems because of the uprising and riot of black people, which are very often provoked by the actions of the police. In any case, the situation in the US is complicated by the pandemic, but there is also some fault of the Trump government. Perhaps after the elections, the situation will change dramatically, since the state machine should work in a completely different way.

it was really hard to recover because of the effect of pandemic..Not only the recessions in the United States but it will also affects the recessions in the third world countries..Most of the investor that we have in our country came from other countries like the United States.. most of the companies that they operates here were affected too..it was reported over the news that people loss their job and now suffering on how to survive their daily needs..ofcourse , Governments can not support all of their needs.. since they were part of recessions, no other source of income especially to unskilled people..this will take longer time for us to recover and bring back the companies to operate again.

A lot of regular workers have suffered this Coronavirus crisis. It is the reason why online shops or online stores have increased their numbers, so they could support all of their necessities and pay their bills. But the government still demands to put tax it, whether it is a small or big business because of the recession and for them to have funds to support the needs of hospitals.

Well 1 million is not that Big for US unemployment because even before Pandemic they already facing this meaning that only added volume
added from the dispatch of the effect of this pandemic to the
US and the world.

Look how many people Live in US?while comparing to other country that has loss jobs this Covid 19 attack.

US economy is continue falling since trump is very strict in regulation thats why many companies are leaving US and
 turning to China because of low labor cost and regulation issues
And the "War trade" Trump pushing against China makes them more lowering these past years.

Hoping that Our world will be healed sooner as the Cure for this Virus is soon to be released and tested,If this comes to success then relief will
 come and living will start not for New Normal but totally Normal now.

believe me other countries also experience the same thing, but the situation in my country is now a little better, I am sure Trump can overcome this.
I am not American but I believe he can handle this.
it's just that the pandemic problem is making the economic situation in America worse.

The Covid-19 pandemic effected in almost every country of the world. USA is not outside of world, so it effected USA also. It is a very bad sign that many people have been unemployed for this. And now it's more than 1 million. That's too much for a country like USA. But as the president is Trump you can't expect anything worse than this. As he is so strict in rules and regulations many companies from outside of America is leaving the country. For that also many people loosing their job.

This is due to the covid-19. Many companies have stopped their operations and fired their employees. I think its also an opportunity for the skilled workers to find some online work and try to have their own business setup rather than dependent on others.

This phenomenon does not only occur in the US but in almost all over the world, especially countries that have large populations, a democracy, and industrialized countries..  a major newspaper in my country alone has reported shocking data which says that more than 2 million new unemployed created in 2020.  This "PANDEMIC" has led many countries to fall into a recession, increasing unemployment and weak public purchasing power has made governments in many countries dizzy.  we all can only hope that this difficulty ends quickly..

You mean paused and get stand by? lmao. I've seen some small businesses closing due to the pandemic but this will not create a massive impact to ones economy. What needs to be reopen now is the huge companies who pays a lot of taxes to cover the expenses during these times.

Online job and remote works are on demand right now, this is the most effective alternative that we can rely on. But to be honest, starting a business today is great but just make sure that your product or service is appropriate.

There's a lot of limitations when the virus still living with us, and that makes our economy suffer and lots of people loss and losing their job.
It's bad year so far, though it has not ended yet but we have to prepare for a worst possible scenario that would happen overtime as long as there's no vaccine created yet. It's a new normal as they say, some will struggle, guess majority as majority of our people are just relying on their job and our government can't bail them out anymore due to lack or shortage of funds.

This is a worrying sign indeed.



Only if a vaccine is release.

The unemployment rate is very alarming without any doubt as well as the increase in cases of Covid19. I think that a good plan should be created to reactivate the economy in the USA. Business bosses should take special care with their workers to prevent them from infected. Because they are representing an important asset to revive the economy. And with respect to customers, require them to comply with the covid19 security measures at 100%.

With the increase in the number of unemployed people the number of cases of theft and other crimes would also spike because people would need money to survive and they aren't having any jobs then they can go down the wrong path in case of a desperate desire. So governement should restart the economy and try to give jobs to the people who recently lost their jobs due to the impact of Covid as a pandemic, or to those who are close to poverty.

The hardest path is the fact that when you talk about how many people died, how many things went wrong, how economy is doing worst in the history and basically all around how things suck, they say "well there is a pandemic going around and it makes sense that things are not good", well first of all A) it wasn't good before pandemic neither, and also B) other nations had the same thing, they didn't face the same problems. So, they are hiding behind corona when they want to protect republicans but when it comes to wearing a mask they say it is a freedom breach to force people to wear a mask.

I really can't stress how much I hate these people, they are really the scum of the earth. You do not support a politician like that, it is just a dude up there, try to be positive about change and criticism every single president and every single politician can do mistakes, just say it is a mistake when you see it instead of defending some idiotic thing they do.

Number of jobless people are everywhere and it is not a good sign. Number of jobless people also increases everyday that cause the economy to bring more down. Due to no job and no money, number of thief also increases. Why ? "Hunger". It makes them steal thing in order to survive their life because they think this is the only way. Yes maybe the Government provide some reliefs but let us admit that it will not be enough for a month or months. We all know that U.S. a first-world country is rich and powerful country but despite of that, they also find it hard to beat this pandemic so it has affect too much in their economy. What more a developing country can do ? Maybe this pandemic has been underestimated. Vaccine is what we need now. I think U.S. will recover fast if there is already a sure vaccine.

Indeed it is an alarming sign. I can somehow remember that news when an economic crisis rose in the US which had affected significantly the world's economy during the great recession, I was still young at age during that time and don't care about the economic status.

But this time, it's very alarming. Left to right, unemployment rate is increasing and this is in the US. And in other countries, this is also being experienced.

This has been on the news during the protests for George Floyd's death. People tend to get into shops even without permission and took everything they can.

Yes, its a worrying sign. Knowing that US is the most powerful country, million of jobless americans due to covid-19 can really affect their economy. I believe that manpower, and businesses are the main factors that made the country's economy grow. But, it's never a surprised because almost everyone got affected with this pandemic anywhere in the world. The only sad thing is, the poorest countries, like mine is really having a hard time dealing all this strange things more so in restoring the dropped-dead economy.
I hope and believe that US can cope up with all the losses, they are a rich and powerful country and they have unlimited resources after all.

The response to the pandemic made the difference. According to the latest figure, more than 187,000 deaths have occurred in the United States. Countries with similar population, such as Indonesia and Pakistan have witnessed far fewer deaths. That is surprising, because the healthcare sector in these countries are not in a good state. Even Nigeria have done better than the US, as fer as the response to the pandemic is concerned.

Government is not the enemy that we should blame for if they are doing their job to handle this pandemic.

If governments are irresponsible to act in the kind of crisis, that's the time where we should blame them for the struggle that we are experiencing. Covid-19 is one of a natural phenomenon where people are dying due to the immediately spread of the virus. It is really hard to live in this way that we can't do what we want to do in the outside world.

That's what makes the businesses closed, and jobless people to increase.

Right now, some of the skilled workers become useless and they are looking for another job where they can earn money. It is hard to live right now, that's why some are relying on the government's support.

the covid19 is our real enemy here not the government  . people blame the government because government declared the restrictions which so many lives are affected  .
what they want ? government to be careless and will still allow life like there was no virus ? isnt that more dangerous .  same on our country they also blamed the government for almost every misery happend to thier lives ( not related to covid )

I feel like this also shows that the world can continue with this many people unemployed as well, isn't it? I mean not like we are all dying right now, nor the products are not there, nor the movies are not made or commercials are not there. The whole world continues, maybe not as awesome as it was but it still continues, nothing is holding up that much right now.

It shows you that the only reason why tens of millions of people were employed because it is easier that way and not this way, companies can continue a lot easier that way, right now they are having trouble. It shows you that automation and not just in robotics or industry but in everything has gone skyrocket. We could soon become a world where nobody "has to" work and everyone can just get UBI from HUGE companies that makes tens of billions in revenue.

To a greater extent there was nothing that could be done other than imposing lockdown initially else many would have being positive and in that case hospitals would not have being ready to take so many patients. So that was correct now after this what government needs to focus is on employment how can they generate more employment and how can they hold hands of other small enterprises who now cannot manage or bear losses any further.

But that is not up to the government to decide, while governments can create jobs most of the time this just means a bigger and more inefficient government and even if they tried it is impossible to take on all of that people, the job creation needs to come from the private sector but with the economy being in such a bad shape many of those that have the capital are preferring to just invest in bonds or the stock market since they either get security or profits while being invested there, as such if the governments want to reverse this tendency then they need to reduce taxes and give guarantees to new businesses.

It's alarming yet the government can't do anything about it either. We're also experiencing the same thing in our country and the worse thing is, the government can't do anything to sustain the needs of employees who have lost their jobs because of the pandemic. It's really for us to survive life during this economic crisis.

Why to worry? US has got FED, it has got the ability to print money any time they want (and they don't give a damn about their debts, seriously). /jk
Jokes apart, but it is actually a matter of concern how such a big number of people became jobless and what the government is doing to protect them dying from starvation if such time takes place? I guess Trump will only say - "Hey ladies and gentlemen! We didn't expect this to happen, but as it has happened, we need to stop acting like a kid and become bigger from heart and mind. I'd like to address everyone that whomsoever lost their jobs, it's their duty to find new jobs as we didn't get you fired, Corona did."

The unemployment rate is a factor of economic stability. If there is a highly increased in unemployment rate of any country, there is also a low growth of production and services. It damages the whole economy when it comes in GDP. As an individual, we should be worry about it because it is not meant to say that we will not be affected even we are not living in USA. Imagine, a first world country has a problem with jobless people. What is more about those who are living in 3rd world countries which has a lot of jobless people even there is no pandemic? It might affect our living specially if we are looking for a job outside of our country.

The increase in the unemployment rate is due to a reason that we all know, "the pandemic", which has really swept the governments not only in the US off their feet, I'm sure the US Government is not comfortable about this and must have been making stringent effort to put things back in place but so many other things on her neck.its still better in US, the government support/relief was given and their are still easy access to grants. They need our prayers too. They are not God.

It would really happen.

As far as I know I already heard about this, that the percentage of murder in the last month increased though I can't remember by how much. As people employment decreases, the higher percentage of that unemployed people would turn into crime. That will tend to happen but at the same time the country can't just open a lot of job opportunities since it would risk more cases in time.

it better than US than other countries, jobless in US got high stimulus to cover their monthly needs. US still have power to cover unemployment by printing money or anything they can do. but in other countries especially developted countries which is have no much money to cover , there will be social impact,. this pandemic really make economic activity dying, its very dillema to choose locking down or still allow people working.

A pandemic has occurred and, worse, riot, protests in 2020. The US economy has shown no signs of recovery in a long time of the pandemic, many people die and many are infected.
Like other countries, many countries are halting economic activities because of the effects of the pandemic. They can only create more jobs for people when they can handle the pandemic.

At best the measure taken by the US government of printing a lot of money and give it to all of those people that were unemployed is a short term solution to a problem that is not going to disappear anytime soon, businesses are ruthless and they are going to fire all the people that they do not need to keep their business going and if they can they will automate many of their processes and this will only increase unemployment over the long term, so it will be very interesting to see how the US tries to solve this because if I'm being honest I do not see an easy solution to all of this.

Want to know why the U.S. economy is in free fall? Why restaurants and bars are closing, putting millions out of work, and why the airline industry is facing possible bankruptcy? Why schools across the nation are shutting down, leaving students to fall behind and parents without safe places to send their children everyday? Why the stock market is plummeting, wiping out the retirement and college savings of millions of Americans? Why the elderly are isolated in nursing homes and tens of millions who don’t have the option of teleworking have no idea how they will pay their bills?
BECAUSE WE WERE NOT PREPARED FOR THIS.

So we should blame the God?

Or the people who are competing each other for their personal benefits between religions,borders,etc!

Ofcourse we are not prepared for this pandemic but we should survive and we will for sure but there will be lot of suffering in this process, every individual has to save themselves if they don't want to die in starving.

totally, no.  Vaccines won't do much for some health skeptics, politics and economics.  We all know that vaccines have some very logical drawbacks to reject the presence of these fluids and do not need to be injected into the human body.  A doctor will definitely think about it again when he decides to approve or refuse to introduce foreign fluids into his body.  We do not know what the liquid contains, which could be something that is not good for our bodies which is deliberately inserted into the bodies of all humans in the world including babies and children.  Doctors and other intelligent people would prefer to refrain from using it and see its impact on what changes occur in humans after injecting the vaccine in a period of 4 years.  Indeed it is a very long time, maybe even a new virus has emerged.  But what we need to know is that Covid does exist, and has dangers.  But the possibility for someone to recover is very high, meaning that we don't need to be too afraid of the presence of Covid, but we must be vigilant.

The Russian vaccine just passed the phase 3, also known the human trial. Right now people are rejoicing as they've been waiting for that months ago. India which is one of the hotspots of the virus is now talking about it and how thankful they are. Lastly, I don't see why we should depend on how people recover from this virus, that is just a ignorant way of saying let them die if they can't survive it. US will also have the vaccine and that could lead to great recovery of the economy and also getting back of the jobs they lost.

this time is very critical for the U.S  because they are facing covid-19 and strikes.and the other thing is they are in involve in a different war like Iraq, Syria etc. that's why they have have very bad economic condition. I think it will take too much time to recover it especially this year there is no way to recover.