The US Labor Department reported that the number of unemployed exceeded 6.5 million people
One week has passed since the historic unemployment record was doubled. According to Labor Department, a total of more than 10 million people have applied for unemployment insurance.
The US economy continues to crumble and experts agree that before it reaches the peak of the US pandemic, it is likely that everything will get worse.
“Sadly, this probably still underestimates the actual numbers because of the overload in the systems and not every call getting through,” said Liz Ann Sonders, chief investment strategist at Charles Schwab, according to CNBC. “Even if we’re accurately calculating the numbers, we still likely have worse to come.”
According to official information, the record holder among all states at the moment is Pennsylvania with more than 360 thousand unemployed.
Next come Ohio and Massachusetts with 330 thousand in total. The number of job losses in Vermont, South Dakota and West Virginia ranges from 1,500 to 3,500.