The impact of the New Coronary Pneumonia epidemic on the US economy continues, with the number of new unemployed persons exceeding one million for five consecutive weeks. According to data from the US Department of Labor on April 23, the number of people applying for unemployment benefits for the first time from April 12 to April 18 was 4.427 million, which is expected to be 4.2 million. The previous value was revised from 5.245 million to 5.237 million.
In addition, the number of people receiving unemployment benefits for the week ending April 11 is 15.976 million, which is expected to be 16.476 million, with a previous value of 11.976 million, a continuation of history new highs. At the beginning of the week on April 18, the four-week average of the number of people claiming unemployment benefits was 5,786,500, and the previous value was 5,508,500.
The data shows that the number of initial jobless claims in the United States reached 3.283 million in the week of March 21, which was the first million-level initial jobless claims data in US history. Up to four times the previous record. In the week of March 28th, the number of the first jobless claims in the United States reached a new high, reaching 6.648 million. In the week of April 4, the number of initial jobless claims in the United States was 6.606 million, which fell for the first time in three weeks. In the week of April 11, the number of initial jobless claims in the United States was 5.245 million. This also means that over the past five weeks, the cumulative number of new unemployed people in the United States has exceeded 26 million, which has erased all new jobs since the financial crisis.
However, economists generally believe that this data will decline steadily in the future. Morgan Stanley analyst Jan Kozak mentioned, “The peak number of initial jobless claims in the United States has passed, but the cumulative number of applicants is still increasing substantially.” In his view, the increase in the cumulative number of applicants is mainly due to the large number of applications for unemployment benefits deal with.
Nowi Securities analyst Lewis Alexander also believes that although the US labor market is still under heavy pressure, the number of initial jobless claims in those states that implemented the blockade measures earlier will be it has been improved.
The Associated Press quoted economists as analyzing that the unemployment rate in the United States in April may be as high as 20%, which will be the highest unemployment since the Great Depression in the 1930s rate.
On April 21, the US Senate unanimously approved additional aid funds of US $ 484 billion, including US $ 310 billion to supplement small business rescue loans (salary protection plan) , And increase funds to help hospitals and improve virus detection capabilities. The bill will then be passed to the House of Representatives for consideration and approval.
Previously, the United States launched the largest economic stimulus plan in history with a total value of approximately 2.2 trillion US dollars.Most US citizens provide a subsidy of $ 1200 per person. In addition, eligible personnel can claim an additional benefit of approximately US $ 600 per week on the basis of the original US $ 444 unemployment benefit for up to 4 months.
According to the real-time monitoring system of Johns Hopkins University in the United States, as of April 22 at 5:38 pm EDT, the United States has at least a new crown There were 846,982 viral infections, including 46,609 deaths. Compared with the data 24 hours ago, there were 26878 new cases of infection and 2381 new deaths in the United States.