The US is reeling under a pandemic-induced recession that has impeded all business activities and put millions of people out of work.<\/p>\n
Unemployment continued to wreak havoc in the US last week. However, jobless claims hit the lowest since the country went into lockdown.<\/p>\n
According to the US Labour Department, the number of Americans filing for unemployment insurance hit 3 million mark for a seventh straight week, taking the total to 33.5 million.<\/p>\n
The total jobless claims reached 3.17 in the last week ended on May 2, which is slightly below the previous week’s 3.846 million count.<\/p>\n
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The seven-week total indicates that 1 in 5 American employees is now out of work.<\/strong><\/em><\/p><\/blockquote>\n
California, Texas and Georgia reported the highest number of jobless claims last week.<\/p>\n
The number of jobless claims increased in just six states last week, including Maine, New Jersey and Oklahoma, and declined in the remaining 44 states.<\/p>\n
Even the situation of the Americans who are still employed is becoming worse as they are suffering from pay cuts and reduced working hours.<\/p>\n
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The US continues to be the epicenter of coronavirus outbreak with the highest number of infection cases and deaths in the world.<\/p>\n
So far, the US has reported 1,292,879 COVID-19 positive cases and 76,942 death cases. New York is the worst-hit state with coronavirus cases more than any other country.<\/em><\/strong><\/p><\/blockquote>\n
New York has confirmed 337,421 COVID-19 infection cases and 26,365 death cases.<\/p>\n","protected":false},"excerpt":{"rendered":"
The US is reeling under a pandemic-induced recession that has impeded all business activities and put…<\/span><\/p>\n