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The United States faced with massive unemployment

2020-03-31T17:51:38.048Z


Unthinkable recently, the unemployment rate could increase tenfold and reach up to 30%.


Dizzying figures. Between 3 and 4 million more Americans could register unemployed this week after last week’s 3.3 million unemployed. The most pessimistic projections of the Federal Reserve of Saint-Louis bring to 47 million the number of possible unemployed, if the deliberate shutdown of the economy ordered because of sanitary measures is prolonged. The workforce in the United States is estimated at around 160 million people. The catastrophic scenario would therefore bring unemployment to around 30%. In February it was still 3.5%.

Read also: United States: imminent unemployment spike

Department store chains, for example, are not among the companies that will receive priority aid, under the law to save the US economy adopted last week. Unlike airlines or aeronautical companies, they are not considered critical to national security.

Faced with the collapse of their clientele, now

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Source: lefigaro

All news articles on 2020-03-31

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