NEW: Another 2,440,000 Americans filed initial unemployment claims last week, bringing the total number of people who lost job during the pandemic to nearly 40,000,000.
the general themes revolve around budgets cut by state legislatures and starved by the federal government; and old, inefficient systems that can often create more work for applicants and processors.with the official unemployment figure already at over 20 million,The current unemployment rate of 14.7 percent is the worst since the height of the Great Depression, when it hit 24.9 percent.
“I think the jobs numbers will be worse before they get better,” Treasury Secretary Steven Mnuchin warned on Tuesday, during a joint appearance before the Senate banking committee with Federal Reserve Chairman Jerome Powell.
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