Currently, as many people are unemployed in the US as the population of Sri Lanka
People gather at the entrance for the New York State Department of Labor offices, which closed to the public due to the coronavirus outbreak in the Brooklyn borough of New York City, US, March 20, 2020.
The labour department's report on Thursday includes a count of all the people now receiving unemployment aid: 21 million. That is a rough measure of the number of unemployed Americans. In addition to those who applied last week, 1.2 million applied under a new programme for self-employed and gig workers, who are eligible for jobless aid for the first time.
Jobs won’t return in any significant way as long as Americans remain slow to resume spending at their previous levels.Data from Chase Bank credit and debit cards shows that consumers have slowly increased their spending since the government distributed stimulus checks in mid-April.
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