Pandemic Causes Highest Unemployment Since Great Depression

Share it with your friends Like

Thanks! Share it with your friends!

Close

By Dr. Mercola

The U.S. unemployment rate may skyrocket to 32.1% in the second quarter of 2020, according to the Federal Reserve Bank of St. Louis.1 Previously, the highest rate of unemployment in U.S. history was 24.9%, which occurred in 1933 during the Great Depression.2

The figure comes from “back-of-the-envelope” estimates, in which the St. Louis Fed attempted to quantify the financial fallout from social distancing measures imposed during the COVID-19 pandemic. With the economy crippled, and layoffs ensuing, an unprecedented number of Americans have had their livelihoods suspended, which could cause …read more

Source: mercola

    

  • Rating:
  • Views:117 views
  • Categories: Health