51 Million Americans Are Unemployed - and the Recession just Started
On Thursday, the United States Department of Labor announced that over 1.3 million Americans filed initial unemployment claims last week.
This report marks the 17th consecutive week of 1-million-plus unemployment claims.
About 51 million people have filed for unemployment benefits since the start of the Covid-19 pandemic.
This doesn’t include the millions of others who’ve finished collecting benefits, given up looking for a job or have reluctantly taken a position far below their prior compensation level just to make ends meet.