The Number Of Applications For Unemployment Benefits In The United States For The Month Exceeded 26 Million
The number of applications for unemployment benefits filed in the United States in the five weeks from March 15 to April 18 exceeded 26 million. This is evidenced by data published on Thursday by the Ministry of labor of the country.
According to statistics, between April 12 and 18, about 4.4 million Americans applied for such benefits. A week earlier, the number of applications was 5.2 million.
In the period from March 29 to April 4, this figure was 6.6 million. During the period from March 22 to 28, the number of requests reached a record of 6.86 million, and from March 15 to 21, 3.3 million Americans made the appropriate applications.
Donald Trump signed on March 27 the law on economic stimulus measures in the amount of more than $2 trillion. They are aimed at overcoming the consequences of the spread of the coronavirus and provide for the payment of unemployment benefits, assistance to hospitals, assistance to businesses, and entire industries.
In addition, US citizens will be able to receive one-time payments of about $ 1.2 thousand per person. Before that, lawmakers allocated $8.3 billion to the US Administration to contain the pandemic. On Tuesday, the US Senate approved another package of measures worth almost $500 billion. The house of representatives is expected to vote on the bill on Thursday.
Earlier, the Washington Post reported that the US government debt and the debts of American corporations against the background of the spread of the new coronavirus will grow this year to record levels, which, according to experts, will create risks for the economy after the end of the pandemic. According to forecasts given by the publication, Federal budget expenditures this year will exceed revenues by $4 trillion. Meanwhile, the unemployment rate in the US has already reached a level not seen since the great depression, the publication noted.