Texas/World – April 24, ’20
Governors blindside front-line staff with abrupt reopening plans
Jobless Numbers Are ‘Eye-Watering’ but Understate the Crisis
With 4.4 million added last week, the five-week total passed 26 million. The struggle by states to field claims has hampered economic recovery.
Nearly a month after Washington rushed through an emergency package to aid jobless Americans, millions of laid-off workers have still not been able to apply for those benefits — let alone receive them — because of overwhelmed state unemployment systems.
Across the country, states have frantically scrambled to handle a flood of applications and apply a new set of federal rules even as more and more people line up for help. On Thursday, the Labor Department reported that another 4.4 million people filed initial unemployment claims last week, bringing the five-week total to more than 26 million.
“At all levels, it’s eye-watering numbers,” Torsten Slok, chief international economist at Deutsche Bank Securities, said. Nearly one in six American workers has lost a job in recent weeks.
Pandemic job losses hit new high, antiviral tests disappoint
NEW YORK (AP) — Discouraging findings on a possible coronavirus treatment and fresh data showing one in six American workers have lost their jobs tempered relief Friday over the passage by Congress of a nearly $500 billion spending package to help businesses and hospitals.
In a trend seen around the globe, roughly 26 million Americans have filed for jobless aid in five weeks, pushing unemployment to levels last seen during the Great Depression of the 1930s and raising the stakes over how and when to ease shutdowns of factories and other businesses.