Explosion of requests for unemployment benefit in the United States to a historic low

Explosion des demandes d’allocation chômage aux États-Unis à un niveau historique

WASHINGTON | The number of new unemployed has exploded in the United States, with more than three million new applications for unemployment benefits last week, a level never seen, in an economy to grind to a halt by the outbreak of coronavirus.

They are 3.3 million people who have made an initial application for unemployment benefits during the week from 15 to 21 march.

This represents 3 million new applicants over the previous week, which had registered 282 000 new applications.

This is a level never before seen in the United States, the previous record dating back to October 1982 with 695 000 new applications.

“The extraordinary rise of the first requests is due to the effects (of the epidemic) of the Covid-19,” notes the department of Labor in its press release published on Thursday.

The department of Labor specifies that it is mainly the service industries, especially services accommodation and food, that are affected.

Other sectors are also affected, says the department of Labor, which cited ” health care and social assistance arts, entertainment and recreation, transportation industries and warehousing and manufacturing “.

More than half of all Americans are now called upon to stay with them, in order to prevent the virus from spreading.

The containment measures put in place, to varying degrees, in several metropolitan areas or States of the country (including the most populous, such as California and New York, have forced restaurants and shops close temporarily, and have heavily affected sectors such as transport or tourism.

The analyses of the most optimistic expected only 525 000 new claims, when others were looking for several million.

Analysts at ING noted that ” the phone lines were blocked and internet sites collapsed when the people are enrolled. Millions of others will drop off their requests in the coming weeks “.

Extension of unemployment insurance

The plan of massive support of the economy, which has received the green light from the Senate on Wednesday evening provides for an extension of unemployment insurance while many Americans are in a precarious situation, paid by the hour, the day or even at the race.

This plan provides assistance to more than 2000 billion dollars, and, in particular, a very important component to enable enterprises to keep their employees and continue to pay for them.

Unemployment benefits have been significantly extended and the self-employed or part-time can benefit, even people who are sick or in quarantine.

The economists with Pantheon Macroeconomics noted that the Google search “file a claim of unemployment” (” file for unemployment “) is almost eight times greater now than it was in February 2009 in the midst of the subprime crisis.

The number of us households connected to the internet was certainly less than eleven years ago to what it is today, but for these economists, this are 4 million unemployed who could emerge.

Party of China in late 2019, the pandemic of sars coronavirus had infected Thursday, more than 69,000 people and left more than 1,000 deaths in the United States, according to the counting of the Johns Hopkins university, in which reference is made.

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