May 7, 2020 7:38 PM

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US: Nearly 3.2 mn laid-off workers applied for unemployment benefits last week

<span style="color: #222222;">In United States, nearly 3.2 million laid-off workers applied for unemployment benefits last week as the business shutdowns caused by the viral outbreak deepened the worst economic catastrophe in decades. Roughly 33.5 million people have now filed for jobless aid in the seven weeks since the Corona virus began forcing millions of companies to close their doors and slash their work forces.<br />''<br />''The unemployment rate is forecast to reach 16 per cent, the highest rate since the Great Depression and economists estimate that 21 million jobs were lost last month. It would mean that nearly all the job growth in the 11 years since the Great Recession ended has vanished in a single month.</span><br />

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