COVID: Worse Than Great Depression

COVID: Worse Than Great Depression

( – The jobless claims continue to rise as more than 3.8 million Americans filed for unemployment benefits last week. The week prior, 4.4 million new unemployment claims were filed as states continue to implement stay-at-home orders for their citizens in an effort to stop the spread of the deadly COVID-19.

Economists say the unemployment numbers weren’t all bad considering they predicted around 6.8 million by late March. According to reports, in the past 6 weeks, a total of 30.3 million Americans filed claims, making it the worst crisis since the Great Depression.

Some expert economists are predicting the numbers may rise as high as 31%, which surpasses the rate during the Great Depression, which was 24.9% back in 1933. States are doing everything they can to get their economies started back up again and get people back to work.

Local, state, and federal governments are asking citizens to follow the stay-at-home and orders and continue to practice safe social-distancing in an effort to reopen their economies sooner, rather than later.

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