Economy Coronavirus has hit jobs hardest in these countries, according...

Coronavirus has hit jobs hardest in these countries, according to record unemployment claims

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The impact of the economic standstill in the United States due to the COVID-19 pandemic was announced on Thursday as the youngest number of Americans applying for unemployment benefits rose to 3.28 million – the largest number ever recorded in history .

This weekly figure quadruples the previous record and far outweighs the largest employment freeze during the 2008 financial crisis. So far, no more than 700,000 unemployment claims have been made each week.

Another look at the catastrophic 3.28 million headlines shows a slowdown that hit some states harder than others, and shows why President Trump may be more keen on companies reopening sooner than later in some communities.

The major swing states that Trump won with the lowest margins in 2016 saw some of the largest percentage increases in unemployment claims in the week ending March 21. Ohio, Michigan and Pennsylvania each reported an increase in weekly unemployment claims that exceeded 2,300%.

At the state level, the largest increase in unemployment claims across the country was not generally felt. In Utah, claims grew by less than 1% week by week, while in Louisiana, a state that has been blocked by corona viruses, the number of applications rose by more than 3,000%.

At the state level, the largest increase in unemployment claims across the country was not generally felt. In Utah, claims grew by less than 1% week by week, while in Louisiana, a state that has been blocked by corona viruses, the number of applications rose by more than 3,000%.

On a percentage basis, New Hampshire saw the worst increase in unemployment claims, up more than 3,300% from just 641 applications the week before the last 21,000 weekly applications in the last clip. Conversely, in Utah, where fewer coronavirus cases were reported than in other states, unemployment claims rose by less than 1%.

The Department of Labor press release found that the coronavirus crisis and shutdown in a number of states, including Nevada and New Jersey, were a major cause of job loss. Earlier this month, the casinos in Las Vegas announced that they would close to prevent the proliferation of new cases, causing some companies to let go of a swarm of workers.

However, the unprecedented national increase in more Americans applying for unemployment benefits shows the scale of the impending economic shutdown. It also explains why the Senate approved a record $ 2 trillion economic stimulus plan and why Obama’s former top economist Jason Furman said that this may still not be enough.

However, especially for the rapidly approaching elections in November, another fold is emerging if the unemployment rate should be higher in the foreseeable future.

U.S. President Donald Trump, flanked by (from R) U.S. Treasury Secretary Steven Mnuchin, U.S. Vice President Mike Pence and Director of the National Institute for Allergy and Infectious Diseases Anthony Fauci, speaks during the daily briefing on the novel coronavirus COVID-19, at Brady Briefing Room at the White House on March 25, 2020 in Washington, DC. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN / AFP via Getty Images)U.S. President Donald Trump, flanked by (from R) U.S. Treasury Secretary Steven Mnuchin, U.S. Vice President Mike Pence and Director of the National Institute for Allergy and Infectious Diseases Anthony Fauci, speaks during the daily briefing on the novel coronavirus COVID-19, at Brady Briefing Room at the White House on March 25, 2020 in Washington, DC. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN / AFP via Getty Images)

President Donald Trump, flanked by Treasury Secretary Steven Mnuchin, Vice President Mike Pence and Director of the National Institute of Allergy and Infectious Diseases Dr. Anthony Fauci, speaks about the novel corona virus during the daily briefing. (Photo by Mandel NGAN / AFP)

“I think the impact of Covid-19 and the economic impact will likely change everyone’s game book a little,” said Mike Ryan, chief investment officer of UBS Global Wealth Management Americas, the fact that this could encourage the Trump administration to to look for memorials its corporate and personal tax cuts.

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However, most surveys have shown that Trump’s handling of the coronavirus crisis has so far been partisan practice. According to a Monmouth University poll on Monday, around 90% of Republican voters say it does a good job compared to only 20% of Democrats. The overall figures show that all voters have an approval rate of around 50% for his job, which has so far coped with the outbreak.

It remains to be seen whether this number will change as more Americans lose their jobs because more companies are closed due to the spread of coronavirus cases. At the moment it is clear that the virus hurts some states more than others.

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