According to some terrifying new data, approximatley half of all jobs lost during the initial phases of the coronavirus lockdowns will likely never return.
As USA Today reports:
The COVID-19 outbreak has clearly done a number of the U.S. economy, plunging it deep into a recession and sending unemployment levels skyrocketing. In fact, jobless claims reached a record high in April, and while things improved slightly in May and June, new restrictions could send the unemployment rate even higher in the coming months…
Of course, everyone wants the current unemployment crisis to be temporary. But new data reveals that a frightening number of jobless Americans may not, in fact, have a role to return to once the pandemic ends.
In April, 78% of those in households experiencing job loss felt that that situation would be temporarily. But now, 47% think that job loss is likely to be permanent, according to The Associated Press-NORC Center for Public Affairs Research. All told, roughly 10 million workers might need to find a new employer after the pandemic wraps up, and some might need to switch gears and find a new profession altogether.
If the data pans out in the long run, the US economy may see an unprecedented economic depression the effects of which may be felt for generations.
Loss of jobs, loss of income, loss of businesses. More mental health issues. Get everyone back to work, stop the handouts and lets get the economy rolling. No more smoke screening, no more whining, no more reasons to be laying around doing nothing. Get a hoof on it.
TRUMP 20/20 is he all we have and you know that .
If we elect Joe Biden and his merry band of socialists to the house and senate the depression will definitely last for generations. If we re-elect President Trump it may only last 2 – 3 years.
Those so called expert are like those gypsies fortune tellers,nothing but frauds. this country have been sickened by a biological chinese pearl habor style attack and we will recover like we have in the past,be aware on those far left opportunist that like to take advantage of the situation.enjoy yourself and do not pay attention to those bastard, there is plenty of light at the end of the tunnel. GOD Bless our country.do your part vote.
Where did you get your crystal ball??..You don’t have much faith in the people of this country.do ya??. We have been in worse shape several times in our history…Painting a gloom and doom is what we don’t need…..Get a life..
HOW MANY JOBS DID WE LOSE? HOW MANY JOBS DID WE SEND OVERSEAS?
BRING THEM BACK. THEY DON’T WANT TO COME BACK? TIME TO MEET TRUMP TARRIFIC.