1 Out of Every 4 Workers Has Filed For Unemployment Benefits in 2020

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Even though most U.S. states have begun the process of “reopening” their economies, the unprecedented tsunami of job losses that we have been experiencing just continues to roll on.

On Thursday, we learned that another 2.4 million Americans filed initial claims for unemployment benefits during the previous week, and that brings the grand total for this pandemic to a whopping 38.6 million.

To get an idea of just how badly this swamps what we witnessed during the last recession, take a look at this chart.

This is the biggest spike in unemployment in all of U.S. history by a very wide margin, and analysts are expecting another huge number once again next week.

Economic Collapse

Employees Who Refuse to Go Back to Work Will Lose Unemployment Benefits

Unemployed Workers Eligible For Payments Greater Than Their Lost Earnings

One thought on “1 Out of Every 4 Workers Has Filed For Unemployment Benefits in 2020”

  1. Reblogged this on The Most Revolutionary Act and commented:
    This is the biggest spike in unemployment in all of U.S. history by a very wide margin, and analysts are expecting another huge number once again next week.

    Like

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