The United States is one of the countries whose economy is worst affected by COVID-19. With a very high rate of case increase in the country, there was a serious decrease in employment rates. The resulting declines quickly resulted in people becoming unemployed. Therefore, detailed research and analysis are carried out on non-agricultural employment rates in the United States. The number of unemployment claims increased rapidly in the United States.
Unemployment rates have been on the rise since the last week of March and a total of 40 million applications have been made for the unemployment package. There was a 20 million decline in non-agricultural employment rates. This clearly reveals how dangerous and economically inadequate urban life has become due to coronavirus.
What Does Statistics Say in the United States of America?
It is known that the statistics of the United States, which achieved record results with a decrease of 20 million in March, started to improve in the following months. According to the official statements made,
- 2 million 699 thousand in May,
- 4 million 791 thousand in June
- 1 million 763 thousand in July happens during this time.
The increases are seen as an extremely important step to compensate for the big drop in March. But experts think that the pandemic disaster cannot be cured if the increase does not continue for a long time. So, what is the case?
In the United States, it was seen that unemployment rates decreased very rapidly, especially in 2018. However, the consequences of the pandemic that took place in 2020 caused America’s 2018 gains to disappear, which is difficult to reverse.
The results will be able to make Americans happier, as nonfarm employment increases rapidly. Therefore, very detailed economic initiative studies are carried out by the government.
