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Autopsy finds police suffocated black man as Trump threatens to deploy military            COVID-19 Cases Exceed 16,000 in Afghanistan             Ghani, Pompeo discuss next steps in Afghan peace process            Khalilzad íOptimisticí About Start of Intra-Afghan Negotiations             Afghanistan Faces COVID-19 ĎHumanitarian Disasterí: IRC            US must be prosecuted at intl. courts for human rights abuses: Iranís Judiciary chief            Hong Kongís leader slams Ďdouble standardsí on national security, cites US unrest             Protests against US police killing of George Floyd go global            Israeli, American officials talk annexation bid amid reports of US intention to slow process            Factbox: UN aid programs in Yemen at risk of going broke            FM Zarif: Iranian scientist on his way back home after release from US jail             Worldís coronavirus cases at 6.27mn, life returning to normal in many countries            UK government eases COVID-19 lockdown restrictions             Trump lags in polls as US anti-racism protests spread            Fifth Iranian tanker carrying fuel sails into Venezuelaís territorial waters            


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US weekly jobless claims hit 15mn as corona crisis deepens


US visitors to the New York State Department of Labor offices are turned away at the door by personnel. AP/John Minchillo


The number of Americans seeking unemployment benefits has hit a staggering 15 million as the coronavirus pandemic has brought the United States to a halt.

The country recorded 5.250 million claims for state unemployment benefits for the week ended April 4, according to a Reuters survey of economists.

The data brings the cumulative jobless benefits claims to more than 15 million since the week ending March 21.

"These dismal numbers suggest another record-breaking April jobs report," said Beth Ann Bovino, chief US economist at S&P Global Ratings in New York.

Thursdayís weekly jobless claims report from the Labor Department would strengthen economistsí expectations of job losses of up to 20 million in April.

"America is now in recession and as it appears to deepen, the question is how long it will it take before the US recovers," Bovino noted.

Last Friday, the government reported that the economy purged 701,000 jobs in March - the most job losses since the Great Recession.

"The labor market has entered a traumatic period," said Gregory Daco, chief US economist at Oxford Economics in New York. "We foresee the unemployment rate spiking to 14% in April."

Maryland Governor Larry Hogan wrote on Twitter on Wednesday that reports continue to mount of state employment offices being overwhelmed by a deluge of applications for unemployment benefits.

He said that "we have approximately 1,000 calls coming through in every two-hour period of time," noting that "currently, federal employees and people who have worked in multiple states cannot file online."

More than 95 percent of people in the US are now under "stay-at-home" or "shelter-in-place" orders amid tough measures to contain the coronavirus contagion.

US President Donald Trump, who is seeking re-election in November, wants to reopen the US economy as soon as possible, but the coronavirus death toll needs to be on the down slope before that can happen.

He said at a White House briefing that the economy could be reopened in phases but that "it would be nice to open with a big bang."

The presidentís medical advisers warned him that trying to return to some sense of normalcy too early could lead to a renewed coronavirus (COVID-19) outbreak.

Trump did not say when he would like to reopen the economy, but his chief economic adviser, Larry Kudlow, said it was possible this could happen in four to eight weeks.

According to an updated model used by researchers, social distancing measures, including the closure of schools and businesses, are expected to remain in place until August.

Despite lockdown measures in place, the death toll in the United States topped 14,800 on Wednesday, with a record 1,973 deaths over a 24-hour period.

Since the outbreak started, more than 432,000 cases have been diagnosed with COVID-19 in the US. The peak of the disease, however, has yet to come, according to researchers.

 

SOURCE: PRESS TV

LINK: https://www.ansarpress.com/english/15643


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