247 City News

World’s Most Authentic News Portal | Latest News | Breaking News | Gulf News | US News | Sports News | Crypto News | Insurance News | UAE News | Turkey News | Politics | Gold Price | Weather Update | Dubai Gold Rate | Sports News | Prayer Time | UK News | Hollywood Movies | Live Gaming Streaming | Forex Rates | Trading Rates

US job losses mount as economic pain deepens worldwide

3 min read

The ranks of Americans thrown out of work by the coronavirus ballooned Thursday to at least 22 million in just four weeks, an unprecedented collapse that has fueled widening protests and propelled President Donald Trump’s push to relax the nation’s social distancing guidelines.

Trump planned to announce new recommendations later in the day to allow states to reopen, despite warnings from business leaders and governors that more testing and protective gear are needed first.

The government said 5.2 million more people applied for unemployment benefits last week, bringing the running total to about 22 million out of a U.S. work force of roughly 159 million — easily the worst stretch of U.S. job losses on record.

Some economists say the unemployment rate could reach 20% in April, the highest since the Great Depression of the 1930s.

While some leaders and citizens around the U.S. have called on government to reopen stores, factories and schools, health authorities and many politicians warned that returning to normal is a distant goal and that lifting restrictions too soon could allow the virus to come storming back.

The decision of when and how to ease up rests not with the White House but with state and local leaders, who imposed the mandatory lockdowns and other restrictions put in place over the past month.

Mayor Bill de Blasio of hard-hit New York was among those urging caution.

“Everyone wants our economy to restart … but there has to be a really clear understanding,” he said. “If we can’t provide the basics for our people, then you can kiss your recovery goodbye.”

The outbreak has infected more than 2 million people worldwide and killed more than 137,000, according to a tally by Johns Hopkins University, though the true numbers are believed to be much higher. The death toll in the U.S. reached about 31,000, with over 600,000 confirmed infections.

Fallout from the virus spread in ways both predictable and devastating, from police torching an illicit food market in Zimbabwe, to emergency flights carrying foreign farm workers to Britain and Germany, and protests at U.S. state capitols against job losses.

In France, Amazon suspended operations after a court ruled it wasn’t doing enough to protect its workers in the country. The online retailer has six warehouses in France.

In Britain, a government survey found that a quarter of companies had suspended business. Cargo traffic at Europe’s massive port of Rotterdam in the Netherlands sank 9.3% in the first quarter from the same period a year ago, and its CEO warned of worse to come.

The World Health Organization’s European chief said optimism that the spread of the virus is declining in Italy, Spain and France has been tempered by the knowledge that it is rising or remaining at a high level in Britain, Russia and Turkey.

“The storm clouds of this pandemic still hang heavily over the European region,” Dr. Hans Kluge said.

Troubling data indicate the worst has yet to come in many parts of the world.

Japan’s prime minister announced he would expand a state of emergency to the entire country, rather than just urban areas, as the virus continued to spread. Japan has the world’s oldest population, and the elderly are especially vulnerable to the coronavirus.

The British government was set Thursday to extend a nationwide lockdown for several more weeks, as health officials say the coronavirus outbreak in the country is peaking. Britain awaited its first flight of Romanian farm workers, and more than 30,000 other workers registered for flights to Germany to help plant and harvest.

U.N. Secretary-General Antonio Guterres urged stepped-up efforts to prepare Africa for the virus, warning that the continent “could end up suffering the greatest impacts.”

In Zimbabwe, where food was scarce even before the outbreak, police raided a market, torching 3 tons of fresh fruit and vegetables and scattering farmers who had broken travel restrictions to try to sell their crops.


Source: AP NEWS

Copyright © All rights reserved. | All content is copyrighted © 2019-2020 by 247 City News. This material should not be published, broadcast, rewritten, redistributed or derived from. Unless otherwise prior consent, Technical feedback? [email protected]