Layoffs Continue in America – 44.2 Million Jobs Lost

Date:

America is the worst hit nation due to the corona pandemic. Due to the epidemic, more than one lakh people have lost their lives here. At the same time, the economy has suffered heavily. According to analysts, 44.2 million people have lost their jobs in the US so far due to Corona.

The layoffs began in mid-March due to the closure to prevent the spread of the corona virus, which reached its peak in the same month. However, now these retrenchment figures are seen to be lacking.

Analysts say this weekly figure is still in better shape than any seen during the 2008 global recession crisis.

An analysis stated, “States and businesses have reopened, but restrictions on many activities remain in force, leading to further layoffs in the coming weeks.”

The threat of Covid-19 continues to be on the US. Although, there are signs of some deficiency in it, but still about 20,000 new cases are being registered every day. In states like Texas and North Carolina, more patients are being seen in hospitals in the past month than before.

Disclaimer :- This post is independently published by the author. Infeed neither backs nor assumes liability for the opinions put forth by the author.

1 COMMENT

Comments are closed.

Share post:

Subscribe

Popular

More like this
Related

73 Percent Population Devoid of Any Upliftment : Rahul Gandhi Roars in Patna

Congress leader Rahul Gandhi on Sunday alleged that the...

Pratapgarhi speaks against the demolition of 700-year-old mosque in Rajya Sabha

Congress leader Imran Pratapgarhi, in a poetic yet eloquent...

The Stealthy Rise of Autocracy: India’s Democratic Crisis Unveiled

Suspending MPs to strengthen Parliament security? Slow and steady...

After Bharat Jodo Yatra, Rahul Gandhi to go on Bharat Nyay Yatra from Jan 14 to March 20

The Congress on December 27 announced that party leader...