As COVID-19 rips through the United States, a record 26.5 million Americans have filed for jobless benefits since mid-March alone; numbers not seen since the height of the Great Depression. Tens of millions have been laid off, furloughed, or seen business dry up in a matter of weeks. “Prepare yourself,” said a worried Kevin Hasset, senior economic
As US Economy Tanks, Study Finds Unemployment Numbers Likely Double Official Figure
“These findings on the millions of frustrated filers and the UI system’s low payment rate highlight the need for policies to improve rather than hinder the UI application process,” noted the studies authors.