Job-loss projections range up to 4.6 million.
Employers are slashing jobs at a furious pace across the nation due to mass shutdowns over the coronavirus, slamming state unemployment offices with a crush of filers facing sudden crises.
More than 45,000 Ohio workers have applied for unemployment over the past week, the Ohio Department of Job and Family Services told Sen. Rob Portman, a nearly sevenfold increase over the previous week. “A coronavirus recession is inevitable,” said Josh Bivens, director of research at the left-leaning Economic Policy Institute, in a blog post. He estimated that at least 3 million jobs will be lost by summer. Meanwhile, the U.S. Travel Association was projecting 4.6 million jobs lost this year in the travel industry alone, pushing the unemployment rate up to 6.3 percent.
Lawmakers on Capitol Hill late Tuesday were racing toward a deal with the White House on an economic stimulus package to aid industries disrupted by the pandemic, and ironing out the details on a separate coronavirus aid package.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Economic Downturn Catches State Unemployment Programs UnpreparedState unemployment insurance systems across the U.S. aren’t ready for the likely surge in worker claims from the U.S. economic downturn triggered by the new coronavirus pandemic.
Baca lebih lajut »
Guns, Ammo Retailers Report Sales Surge Across U.S. Amid Coronavirus FearsSome buyers are worried about potential lawlessness, others want to stock up in case prices jump.
Baca lebih lajut »
Coronavirus: UK told to avoid social contact in lockdown - Business InsiderBritish people have been told to work at home and limit all forms of social contact as coronavirus surges across the UK.
Baca lebih lajut »
How To Get Tested For Coronavirus in the U.S.The White House coronavirus task force team has announced a boost in testing across the U.S.
Baca lebih lajut »
In Austin, No SXSW Means Layoffs, Lost Wages, Missed Opportunities Amid Coronavirus FearsAfter SXSW&39;s cancellation, artists and industry workers try to pick up the pieces.
Baca lebih lajut »
Poll: Nearly 1 In 5 Households Have Lost Work Because Of PandemicNearly 1 in 5 American households have already experienced a layoff or a reduction in work hours due to the coronavirus pandemic, a new NPR/PBS NewsHour/Marist poll finds.
Baca lebih lajut »