Terrifying COVID-19 Impact: US Unemployment Claims Reached More Than 52 Million
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Terrifying COVID-19 Impact: US Unemployment Claims Reached More Than 52 Million

US Unemployment Claims
Source: Forbes and CNN Business

US unemployment claims has reached a total of more than 52 million, in the 18th week of filing. The claim done was an application for jobless aid, as the corona virus continues to spread in the country.

Terrifying COVID-19 Impact: US Unemployment Claims Reached More Than 52 Million

The 18th week marked 1.4 million Americans who filed for the first time for unemployment benefits.

According to Jennifer Lee, senior economist at BMO Capital Markets Economics

The 15 consecutive weeks of declines in U.S. initial claims from record high levels is over. But given that the resurgence in the number of COVID-19 cases around parts of the country has led to a reversal in restrictions, this was expected.

The disappointing large number was more than the expected number of increase.

How Can You Avail This Unemployment Benefits?

This is based on U.S. Department of Labor

In order for you to receive unemployment insurance benefits, you need to file a claim with the unemployment insurance program in the state the you worked on. Depending on the state, claims may be filed in person, by telephone, or online.

1.You should contact your state’s unemployment insurance program as soon as possible after becoming unemployed.

2. Generally, you should file your claim with the state where you worked. If you worked in a state other than the one where you now live or if you worked in multiple states, the state unemployment insurance agency where you now live can provide information about how to file your claim with other states.

3. When you file a claim, you will be asked for certain information, such as addresses and dates of your former employment. To make sure your claim is not delayed, be sure to give complete and correct information.

4. Find the contact information for your state’s unemployment office to start your claim. Visit here for more information.

From a tweet of the U.S. Labor Department it states:

Unemployment Insurance Weekly Claims

Initial claims were 1,416,000 for the week ending 7/18 (+109,000).

Insurance employment was 16,197,000 for the week ending 7/11 (-1,107,000)

You can download the data here : do.gov/ui/data.pdf

Is There An Expected Increase in Unemployment Claims For The Coming Weeks?

It is now what we called expect the unexpected. Since from the previously reported number of unemployment claims surpass the expected number.

According to Heather Long, economics correspondent and an editor at CNNMoney

Over 30 million Americans are currently receiving unemployment aid. The extra $600 a week in aid these people currently receive expires this weekend b/c Congress has yet to act.

That means the typical Unemployment Insurance will fall from $930/week to ~ $330/week.

Some citizens commented on the said statement. They are saying that the UI is too much money and suggest it to be reduced.

Others are questioning also why people have been getting that amount of money to not work this whole time. One employed American would not want to go back to work his either. It would be a pretty significant for him, he added.

The Employment status in US is also affected by this pandemic. The Department of Labor says:

A spike in infections and a rollback of reopening plans in several states is making it hard for people to re-enter the labor force.

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Terrifying COVID-19 Impact: US Unemployment Claims Reached More Than 52 Million

Jeffry Jeve , News Fior Author,  is a dedicated Freelance Writer and a Blogger who stays organized as much as possible. He became a writer in Modern Writers PH and a Managing-Editor-in-Chief in a school publication named “The Lightseekers”.