More Than 600000 Americans applied for unemployment benefits in last week. As political and public health authorities put the economy in deep a freeze, ensuring people stay home to slow down the spread of new corona virus (COVID-19) . This week more 400000 people has lost their jobs and applying for unemployment benefits.
The past two weeks has erased almost all the jobs were created in last 5 years. A sign of rapid and painful economic shutdown has been on many Americans families who are struggling to pay rent and health insurance cost in the midst of pandemic situation.
Millions of employees working for restaurants, hotels , gym and travel sector has lost their jobs.