US Economy Crumbling as 6.6 Million People Apply for Unemployment Benefits Last Week

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CREDIT: File pic

More than 6.6 million people in the United States applied for unemployment benefits last week, accord to the latest official figures.

THE coronavirus pandemic has had a brutal effect on the American economy, with 3.3 million people filing for unemployment in the week prior to the figures reaching 6.6 million – the total hitting 9.9 million in just two weeks.

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The federal labour department said on Thursday that a new record number of people sought benefits after losing their jobs in the week ending March 27.

Economists predict 20 million jobs will be lost by the end of April.






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