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The outbreak of the COVID-19 pandemic has had a deep impact on the rate of unemployment in the United States. The World Economic Forum predicts a possible rise in the unemployment rate to 20%, a figure unseen since the Great Depression. [76]
As a result, while aggregate hours worked decreased by around 15% in the United States and the European Union, unemployment increased significantly in the United States. However, in the United States, most firms that implemented digital technology were better able to avert worker reductions than non-digital firms. [22] [23] [24] [25]
The true COVID-19 death toll in the United States would therefore be higher than official reports, as modeled by a paper published in The Lancet Regional Health – Americas. [3] One way to estimate COVID-19 deaths that includes unconfirmed cases is to use the excess mortality , which is the overall number of deaths that exceed what would ...
The COVID-19 pandemic has brought initial unemployment claims to 38.6 million in just nine weeks, according to the latest data from the U.S. Department of Labor — shattering historic highs ...
The number of Americans forced out of work by the coronavirus pandemic has continued to climb, with another 4.4 million workers filing for unemployment benefits last week. The latest figure ...
Another 3 million Americans filed for unemployment benefits last week, raising the number of people forced out of work by the coronavirus pandemic to over 36 million. The devastating report ...
The COVID-19 pandemic ranks as the deadliest disaster in the country's history. [43] It was the third-leading cause of death in the U.S. in 2020, behind heart disease and cancer. [ 44 ] From 2019 to 2020, U.S. life expectancy dropped by three years for Hispanic and Latino Americans , 2.9 years for African Americans , and 1.2 years for white ...
The number of Americans applying for state unemployment benefits remained mostly unchanged for the fifth straight week. US workers filed 837,000 claims for unemployment last week as coronavirus ...