Posted on 04/16/2020 7:54:55 PM PDT by robowombat
Massachusetts Coronavirus: 140,000 File For Unemployment With this week's jobless claims, the new coronavirus pandemic has erased all U.S. jobs created since the end of the Great Recession.
By Dave Copeland, Patch Staff
Apr 16, 2020 8:33 am ET | Updated Apr 16, 2020 10:56 am ET
BOSTON — The number of Massachusetts residents applying for first-time unemployment benefits during the week that ended April 11 was 139,647, according to Thursday's U.S. Department of Labor report.
While that figure was down from last week, more people are staying on unemployment rolls in Massachusetts. As of April 11, 310,211 Massachusetts residents were collecting unemployment insurance, up from 127,106 the prior week and 239,270 during the same week last year.
Nationally, the number of people filing for unemployment fell to 5.25 million in the week ending April 11, compared to 6.61 million the previous week. With this week's jobless claims, the new coronavirus pandemic has wiped out the more than 21 million U.S. jobs created since the end of the Great Recession. Before the unprecedented unemployment claims started three weeks ago, the worst week for national unemployment claims was 695,000 in 1982.
The new unemployment numbers come in the same week Massachusetts lawmakers were warned the state economy could slip into a depression. During a hearing Tuesday, a policy analyst estimated that 500,000 more Massachusetts workers could be laid off or furloughed by July. That equates to a 14 percent drop in employment in just five months. By comparison, during the worst five-month stretch of the Great Recession, employment declined by 78,000, or 2.4 percent.
Corrected: Since the chosen one; Hussein O.
With this week’s jobless claims, the new coronavirus pandemic has erased all U.S. jobs created since the end of the Great Recession.
These jobs in this economy have been dropped (and many will hopefully come back) not due to a bad economy but to a natural disaster (if not an act of war in the eyes of some)
Those jobs in THOSE economies under Obama were erased due to the deliberate actions of him and his Leftist economic advisers, and they believed America had to get used to that level of anemic economic growth and joblessness because that was the “new normal” that couldn’t get corrected without a “magic wand”.
I loved the comment by Trump the other day: “We Built The Greatest Economy In The World, I’ll Do It A Second Time”
That’s leadership by a leader.
Not a wimpy pussy like Obama saying a bad economy is the reward for our national sins, and we better get used to it because there isn’t a magic wand to make it better.
DNC exclaims ‘mission accomplished!!!’
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